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The project involves the four laning of the 194 km road linking Amravati and Chikhli. The road is a section of National Highways 6 (NH-6) in the state of Maharashtra from Km. 166.000 to Km. 360.000.
The project will be developed under the National Highways Development Project (NHDP) Phase IV in build, operate and transfer (BOT - Toll) mode on design, build, finance, operate and transfer (BOT/DBFOT) basis. The concession period will be 19 years including construction period of 910 days.
The toal project investment is estimated at Rs22.9 billion (US$359.2 million). The company had quoted a grant of Rs1.83 billion for the project.
The main object the project is to expedite the improvement of infrastructure in the state of Maharashtra and also to reduce the time and cost of travel for traffic. Development of the road will also help uplift the socio-economic condition of this region of the state.
Last month IL&FS Transportation Networks Ltd emerged as the lowest bidder for the Fagne-Gujarat/Maharashtra border section of the NH-6 in Maharashtra. This project will be developed in BOT-Toll mode on BOT/DBFOT basis. The project involves the four laning of the 141 km road.
We have recently reported on several PPP projects in India, most of them roads: