NHAI declares Oct 9 as pact date for Rajasthan road proj

October 7, 2013

Concession period of 30 years including construction period of 910 days will start from the appointed date

Infrastructure firm Sadbhav Engineering today said NHAI has fixed October 9 as appointed date for a road widening project in Rajasthan, which it bagged from highways regulator recently.

“National Highways Authority of India (NHAI) has declared October 9 as appointed date for the project – four laning of Rajsamand-Gangapur-Bhilwara Sadbhav Engineering in Rajasthan on design, build, finance, operate and transfer (DBFOT) basis,” the company said in a filing to the Bombay Stock Exchange.

The appointed date is the date from which the concession agreement starts.

The company has recently won a Rs 778-crore project for widening of the 87 km stretch, which it said will “executed through our special purpose vehicle, i.e. Bhilwara-Rajsamand Tollway Pvt Ltd.”

The concession period of 30 years including construction period of 910 days will start from the appointed date, it said.

Source-http://www.business-standard.com