Stay updated with the latest news and articles about National Highways Authority of India.
The divestment, subject to statutory and regulatory approvals, involves the transfer of assets to the Highways Infrastructure Trust (InvIT). This step aligns with PNC Infratech's strategic focus on optimizing its portfolio and aligning with the InvIT framework.
As a result of the early completion, the concessionaire, Hathras Highways Private Limited, is entitled to an early completion bonus of ₹14.28 crore, payable by NHAI along with the first annuity payment.
The project is to be completed within 910 days, including the monsoon period. Ashoka Buildcon had submitted its bid for this initiative earlier and has now received the Letter of Award (LOA). The project cost excludes GST.
A drive from Delhi to Meerut in Uttar Pradesh will be a matter of just 45 minutes instead of nearly 1.30 hours taken currently. The expressway connecting the two cities is now almost complete.
Showing 15 of 547,733 articles