GVK arm bags NHAI road project in Madhya Pradesh

October 10, 2011

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GVK Power and Infrastructure Ltd has announced that GVK Transportation Private Ltd, a wholly-owned company subsidiary, has been chosen through an international competitive bidding process to take up the four-laning of Shivpuri-Dewas section of National Highway No 3 in Madhya Pradesh.

The road project is to be executed as BOT (Toll) project on Design, Build, Finance, Operate and Transfer pattern under the National Highways Development Programme (Phase IV) of NHAI. The company has received the Letter of Award from NHAI and expects to ink the Concession Agreement shortly.

The project entails the widening and strengthening of the two-lane highway to a four lane highway over a 332 km stretch. It has a concession period of 30 years including a construction phase of 30 months.

ANOTHER MILESTONE

Mr G.V. Krishna Reddy, Chairman, GVK, in a statement said, “the winning of this major road project in Madhya Pradesh marks yet another milestone for GVK. With this new project, we will develop one of India’s busiest highways to meet the growing road transport needs in Central and Northern India.”

The project road on National Highway No 3 is one of India’s major corridors referred to as Mumbai-Agra highway. It is a vital trade link connecting Western and Central India to Northern India and passes entirely through Madhya Pradesh carrying predominantly long distance freight traffic.

The Hyderabad-based infrastructure company has implemented India’s first six-lane toll road project 90 km long between Jaipur-Kishangarh on NH 8, part of NHAI’s Golden Quadrilateral and is developing two toll road projects. The company has a portfolio of four toll road projects of over 600 km.

Source: thehindubusinessline.com

Written by ITW Editor · Filed Under GVK

2 Comments on “GVK arm bags NHAI road project in Madhya Pradesh” Post your comment

Jagadeesh Reddy on June 1st, 2012 10:28 am

Unity work
Hitesh N. Shah on July 31st, 2014 5:20 pm

Wonderful.
Congratulation.
Looking forward to associate with your esteemed organization.

Hitesh Shah