In India a major highway deal has been agreed for a road project in Gujarat worth an estimated US$810.8 million.
In India a major highway deal has been agreed for a road project in Gujarat worth an estimated US$810.8 million. The project will be handled under the build, finance, operate and transfer basis and will involve upgrading and widening a 102km section of NH-8 from Ahmedabad-Vadodara to six lanes. The project also includes upgrading 92km of the existing Ahmedabad-Vadodara expressway. The work is expected to take three years to complete. The 25-year concession deal for the project has been agreed between IRB Ahmedabad Vadodara Super Express Tollway unit of 2700 IRB Infrastructure Developers and 292 National Highways Authority of India (NHAI).). Meanwhile, a joint venture is being established for a 25.5km road project to connect Kattupalli port and Ennore port in Chennai. The joint venture will comprise Ennore Port, L&T Ship Building and 2701 Tamilnadu Industrial Development Corporation (TIDCO) and the road will be constructed on a build, operate and transfer basis. The project is expected to cost $81.5 million.
