GVK group targets expansion plan of NH-8

April 29, 2008

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The GVK group is planning to expand its highway footprint in north India. The group, which built and is operating the 91-km Jaipur-Kishangarh stretch, is now eying to bag National Highway Authority of India’s (NHAI) project for widening the Kishangarh-Ajmer-Bewar section of NH 8. Since the existing stretch is among the biggest money spinner road projects in India a toll collection of nearly Rs 128 lakh per km per year, the extension is going to attract other big names also for the bidding process.

The NHAI’s decision to six-lane the 94-km stretch of Kishangarh-Ajmer-Beawar road comes three months after the move to similarly expand the Gurgaon-Jaipur stretch of NH 8. “We are definitely interested in the onward stretch from Kishangarh,” said GVK spokesperson Manish Kalghatgi. This 94-km stretch has to be six-laned at a cost of Rs 722 crore. The 91-km Jaipur-Kishangarh expressway was developed for Rs 650 crore.

A wide road right upto Beawar is going to make Rajasthan’s exotic tourist spots easily accessible. At present, the wide road from Gurgaon ends just after exiting the toll plaza at Kishangarh and then motorists have to negotiate heavy traffic on existing two-lane roads. This work will be done under the National Highway Development Project Phase (NHDP) phase-III in which 4,035-km of national highways had to be widened to four lanes.

“The Jaipur-Kishangarh stretch gets nearly 6 lakh vehicles and about Rs 12 crore as toll on an average every month. Such traffic and revenue figures are bound to generate interest among all major players in developing the Kishangarh-Beawar stretch,” said an official.

The improved highways will have service roads, pedestrian subways so that there is no jaywalking on roads in front of high speed vehicles.
Source: www.business-standard.com

Written by ITW Editor · Filed Under Uncategorized

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