Highway Infrastructure has received the Letter of Acceptance (LOA) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for collection of User Fees and operation of Toll Plazas at Gorakhpur Link Expressway, along with deployment of 04 number of Patrol-cum-safety vehicles with required personnel manning these vehicles for Gorakhpur Link Expressway.
The LoA is valued at around Rs 220.66 crore which includes Rs 105.07 crore for the First Year and an escalation of 10% per annum for the second-year period. The order is for a period of 2 years.
Highway Infrastructure is an infrastructure development and management company. The company is engaged in the business of tollway collection, infrastructure development and management and real estate business.
