PNC Infratech’s wholly owned subsidiary -- PNC Meerut Haridwar Highways has submitted duly executed Financing Documents to NHAI for the project 53.95 km long Four-laning of Meerut - Nazibabad section of NH-119 (New NH-34) in the state of Uttar Pradesh (UP) under Bharatmala Pariyojana.
The bid project cost is Rs 1412 crore. The construction period is 730 days and concession period is 17 years. Axis Bank has sanctioned debt of Rs 514 crore for the project.
PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.
