Ramky Infra inks pact with NHAI for Rs 1033.65cr project

23 Jan 2012

Ramky Infrastructure’s subsidiary has signed a pact with NHAI for widening Hospet-Chitradurga section of National Highways in Karnataka, entailing an investment of Rs 1,033.65 crore. Ramky Infrastructure was awarded the road project by National Highways Authority of India (NHAI) to undertake four-laning of Hospet-Chitradurga section of NH-13 from 299 km to 418 km in the state of Karnataka.

The company has formed a special purpose vehicle, Hospet Chitradurga Tollways, to undertake the project to be implemented under National Highways Development Project (NHDP) phase III on design, build, finance, operate and transfer (DBFOT) mode. The concession period for the project is 25 years, including the construction period of 910 days.

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