India's Ashoka Buildcon has received from the National Highways Authority of India (NHAI) the letter of award for the 4/6 Laning of Kharar to Ludhiana Section of NH-95 on Hybrid Annuity PPP Mode in India.

The company proposed a total project investment of INR16 billion (US$239 million). As we informed in early April, the proposals were submitted on April 14th.

The project comprises the development, maintenance and management of 4/6 Laning of Kharar (Km. 10+185) to Ludhiana Section of NH-95 (New NH-05) (Km. 86+199) in the state of Punjab.

The total length of the road project is approximately 76 km.

The project will help in expediting the improvement of infrastructure in Punjab and in reducing the time and cost of travel for traffic, particularly heavy traffic, plying between Kharar and Ludhiana section. The development of this stretch will also help in uplifting the socio-economic condition of this region in the State. It would also increase employment potential for local workers for project activities.

The project is part of a INR20.7billion highways project in Punjab approved by India's governement in June to improve traffic fluency between Chandigarh and Ludhiana.