PNC Infratech Ltd signs concession agreement for USD182.83 million Highway project in India
PNC Infratech Limited, the National Highways Authority of India (NHAI) and the Special Purpose Vehicle incorporated by the Company have signed a concession agreement for the Sonauli-Gorakhpur section of the NH-29E highway project in Uttar Pradesh, India.
PNC Infratech Limited is an Indian infrastructure investment, development, construction, operation and management company, with experience and expertise in the execution of projects in core infrastructure sectors including expressways, highways, bridges, flyovers, airport runways, water supply and industrial area development.
The company will be responsible for the construction of 4 lanes 79.54 km long at Sonauli - Gorakhpur section of NH-29E from Design Ch. 0+000 to Design Ch. 79+540 on Hybrid Annuity Mode. The INR14.58 billion (US$182.83 million) project has an operational life of 15 years and is expected to be completed within 24 months of the announcement of the commencement of construction.
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