GMR Infrastructure is likely to start work on two toll road projects that are Hungund (Bagalkote)-Hospet (Bellary) highway project in Karnataka and Hyderabad-Vijayawada highway project in Andhra Pradesh by July-end.
The company's Karnataka project is a build, operate and transfer (BOT) toll project with a concession period of 19 years, which includes the construction time of 30 months. Cost of the project is Rs 1,650 crore. The company is involved in design, construction, development, finance and of the 99.05 km stretch on NH 13.
The second Hyderabad-Vijayawada road project will be thrown open by July-end. The project in Andhra Pradesh, built at an estimated cost of Rs 2,200 crore, is also on BOT toll basis covering a distance of 181 km on NH-9.