A consortium let by GMR Infrastructure has bagged a project from the National Highway Authority of India (NHAI), the company informed the BSE in a filing on Thursday. This the seventh project won by the infrastructure construction major so far.
The 181-km project envisages designing, engineering, finance, procurement, construction, operations and maintenance of the four-six laning of the national highway stretch between Hyderabad and Vijayawada in Andhra Pradesh. The company did not reveal the value of the project.
The build-operate-transfer (BOT) project will be implemented through a special purpose vehicle (SPV) set up for the purpose. The Group is expected to ink a concession agreement with the NHAI for a period of 25 years.