Ashoka Buildcon has received Letter of Acceptance (LoA) for the Project viz. collection of user fee through fee collecting agency on the basis of competitive bidding at Kognoli Toll Plaza located at Km 591.300 for the section from Maharashtra Border - Belgaum (Km. 537.000 to Km. 592.240) of NH - 4 in the State of Karnataka from National Highways Authority of India (NHAI).
The estimated value of the contract is Rs 24.09 crore and the company has been engaged by NHAI to collect user fee for the period of 1 year.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.
