NHAI declares Oct 9 as pact date for Rajasthan road proj

October 7, 2013

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Concession period of 30 years including construction period of 910 days will start from the appointed date

Infrastructure firm Sadbhav Engineering today said NHAI has fixed October 9 as appointed date for a road widening project in Rajasthan, which it bagged from highways regulator recently.

“National Highways Authority of India (NHAI) has declared October 9 as appointed date for the project – four laning of Rajsamand-Gangapur-Bhilwara Sadbhav Engineering in Rajasthan on design, build, finance, operate and transfer (DBFOT) basis,” the company said in a filing to the Bombay Stock Exchange.

The appointed date is the date from which the concession agreement starts.

The company has recently won a Rs 778-crore project for widening of the 87 km stretch, which it said will “executed through our special purpose vehicle, i.e. Bhilwara-Rajsamand Tollway Pvt Ltd.”

The concession period of 30 years including construction period of 910 days will start from the appointed date, it said.

Source-http://www.business-standard.com