PNC Infratech has inked concession agreements with National Highways Authority of India (NHAI) for 2 Hybrid Annuity Mode (HAM) projects. The projects have an aggregate Bid Project Cost of Rs 3483.00 crore. Further, the company has incorporated two Special Purpose Vehicles -- Barabanki Mustafabad Highway and Mustafabad Biswariya Highway -- for these projects. Both projects are to be constructed in 24 months upon declaration of respective appointed dates and operated for 15 years, post construction.
Barabanki Mustafabad Highway has been incorporated for construction of 4 Lane highway from Barabanki Design Chainage Km 0+000 to Mustafabad Design Chainage Km 43+030 (Existing Chainage Km 0.000 to Chainage Km 43.700) on the section of NH-927 in Uttar Pradesh on HAM Mode under NH (O) Scheme (Package-I). The project has a Bid Project Cost of Rs 1728.00 crore.
Mustafabad Biswariya Highway has been incorporated for construction of 4 Lane highway from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515 (Existing Chainage Km 43.700 to chainage Km 98.475) on the section of NH-927 in Uttar Pradesh on HAM Mode under NH(O) Scheme (Package-II). The project has a Bid Project Cost of Rs 1728.00 crore.
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.
