Ashoka Buildcon’s arm executes concession agreement with NHAI

15 Mar 2012

Ashoka Buildcon’s subsidiary -- Ashoka Cuttack Angul Tollway -- has executed a concession agreement with National Highways Authority of India (NHAI) on March 14, 2012, for the project viz. to carry on the business of designing, building, financing, operation and maintenance rehabilitation and up-gradation of four laning of Cuttack - Angul Section of NH-42 from km 0.000 to km 112.000 in the state of Orissa under NHDP Phase II to be executed as BOT (Toll) on DBFOT Pattern.

Earlier in February, the company started toll collection, for its NHAI project of construction, operation and maintenance of end of durg bypass - Chattisgarh / Maharashtra Border Section from km 322.400 to km 405.000 of NH-6 in the state of Chattisgarh under NHDP phase IIIA on build, operate and transfer (BOT) basis.

Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.

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