GVK Power & Infrastructure (GVK Power) wholly owned subsidiary (WOS) - GVK Transportation has emerged as the selected bidder through International Competitive Bidding (ICB) for the four laning of Shivpuri Dewas section of National Highway No.3 in the State of Madhya Pradesh to be executed as BOT (Toll) project on Design, Build, Finance, Operate & Transfer pattern under the National Highways Development Program (Phase IV) of National Highways Authority of India (NHAI). Accordingly, NHAI has issued a letter of award to GVK Transportation.
The project road lies on National Highway No.3 one of India's major national highways commonly referred to as Mumbai - Agra highway and a vital trade corridor connecting Western / Central India to Northern India with a length of 332 kilometers has a concession period of 30 years including a construction period of 2.5 years. The concession agreement for the project would be signed shortly.
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.
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