Indian deal for key highway project

Work is progressing on the 180km National Highway 18 project in India linking Kurnool and Kadapa.
February 29, 2012 Read time: 1 min
RSSWork is progressing on the 180km National Highway 18 project in India linking Kurnool and Kadapa. The US$364 million project is being carried out by Rayalaseema Expressway under a build, operate and transfer (BOT) model. However a recent development is that SNC Lavalin Mauritius, a subsidiary of 2482 SNC Lavalin, has acquired a 36% stake in Rayalaseema Expressway in a financial deal worth $36.4 million.

For more information on companies in this article

Related Content

April 13, 2012

Highway developments in India

A major highway deal has been agreed for a road project in Gujarat, India, worth an estimated US$810.8 million. It will be handled under the build, finance, operate and transfer basis and will involve upgrading and widening to six lanes a 102km section of National Highway 8 (NH-8) from Ahmedabad-Vadodara. The project also includes upgrading 92km of the existing Ahmedabad-Vadodara expressway.
boombox1

Highlighted Content

boombox2