Atlanta may bag Rs 1,044-cr road project

Atlanta is close to bagging an order worth around Rs 1,044 crore from the National Highway Authority of India (NHAI), the flagship road building programme of the ministry of transport and highways. Atlanta, along with joint venture partner, Essar Projects, has bid for the four laning of Lucknow-Sultanpur road of around 126 kilometres in Uttar Pradesh. The project has a concession period of 23 years, which includes two-and-a-half years of construction time and is based on public-private partnership (PPP) mode on design, build, finance, operate & transfer (DBFOT) basis. The debt-equity ratio for the project is proposed at 3:1.