The Hindu Business Line: June, 2010
Hyderabad: IVRCL Infrastructures & Projects Ltd (IVRCL)today announced it has bagged one of the country's largest toll road projects on the Goa-Maharashtra border from the NHAI. The project entails a total investment of Rs 3,100 crore. The 122.06-km stretch is being taken up for four- and six-lane work on the NH 17 from Maharashtra-Goa border to Panaji-Goa-Karnataka. The project taken up under the National Highways Development Programme (NHDP)–Phase III, has a concession period of 23 years. It has a capital grant of Rs 644.72 crore. According to a company statement, the project includes a six-lane cable-stay bridge over the Zuari riverThe project, scheduled for completion in 36 months for the highway section and 48 months for the Zuari bridge, is being developed to support the industrial corridor. The company expects the toll to start after completion of the highway portion, which is planned to be ready within 36 months.