Ramky Infrastructure’s special purpose vehicle (SPV) Hospet Chitradurga Tollways (HCTL) has signed the concession agreement with National Highways Authority of India (NHAI) for undertaking a project awarded by NHAI. The concessionaire company - HCTL was formed by Ramky Infrastructure as a SPV to undertake the mentioned project.
The company had bagged the order for four laning of Hospet - Chitradurga section of NH-13 from KM 299.000 to KM 418.6000 in the state of Karnataka under National Highways Development Project (NHDP) Phase III on design, build, finance, operate and transfer (DBFOT/BOT) basis in BOT (Toll). The concession period for the project is 25 years including the construction period of 910 days. The estimated cost of the project as per the client is Rs 1,033.65 crore.
Ramky Infrastructure, the flagship company of the Ramky Group, is engaged in construction and infrastructure development, operation and management. It has serviced a diverse range of construction and infrastructure projects in sectors as varied as water and waste water, transportation, irrigation, industrial parks (including SEZs), power transmission and distribution, residential, commercial and retail property.