Ashoka Buildcon in a consortium with GVR Infra Projects (51%:49%) has been awarded the 'Project no. WAP - 2: - Design, Build, Finance, Operate, Maintain and Transfer (DBFOMT) the existing State Highway (SH18) from Mudhol to Maharashtra Border (approx length of 107.937 Kms) on DBFOMT Annuity Basis''.
The project cost is estimated at Rs3,176 million (US$50.7 million) and the concession period is 10 years.
The objective of the Second Karnataka State Highway Improvement Project (Resettlement implementation plan for WAP 2) for India is to alleviate the unsafe condition and congestion of the existing selected road network connecting the villages and towns by enhancing the capacity and quality of the roads to the users in a sustainable and environment friendly manner.
In a second project, Ahmedabad-based Sadbhav Engineering has received letter of award dated 1 February 2014 for the design, build, finance, operate, maintain & transfer the existing state highway (SH 33 & SH 3) from Malavalli to Pavagada (approx length of 193.344 km) in the state of Karnataka.
The estimated cost of the project is RS7,372 million (US$117.7 million) with a concession period of 10 years, including a construction period of 30 months from the appointment date.