GVK Power & Infrastructure’s subsidiary - GVK Shivpuri Dewas Expressway has terminated the Concession Agreement entered into with National Highways Authority of India (NHAI) for four laning of Shivpuri Dewas section.
The company had signed the concession agreement on January 12, 2012 with National Highways Authority of India (NHAI). The agreement is for four laning of Shivpuri Dewas section of National Highway No 3 (from Km 236.000 to Km 566.450) for a length of 332.46 kilometers in the state of Madhya Pradesh to be executed as BOT (Toll) project on DBFOT Pattern under National Highways Development Programme (NHDP) phase IV. The concession period for the project is for 30 years including construction period of 30 months.
GVK Power & Infrastructure is engaged in infrastructure development in areas of power, airports and roads. Incorporated in 1994, the company till date has invested over Rs 5,000 crore in infrastructure projects.
