National Highway Authorities of India (NHAI) has executed concession agreement for six laning project of Chittoor-Thachur highway. Chittoor Thachur Highway Private Limited, a subsidiary of IRB infrastructure, will be responsible for the development of 20.06 km long extra lanes on highway from km. 96.040 (Pondavakkam) to km. 116. 100 (Kannigaipair).
The project is being awarded on hybrid annuity model. IRB won the bid citing project cost at INR9.09 billion (US$121.18 million). The concession period for the project is 15 years excluding the construction period of 730 days.
Country updates
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December 21, 2021
New loan announced for Surat metro project in India
The Government of India and the Germany Development Bank (KfW) have signed a EUR442.26 million (US$498.33 million) loan for the Surat Metro Rail project. With the total estimated cost of EUR1.5 billi...
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December 16, 2021
India identified 13 airports for PPP procurement
The Airports Authority of India (AAI) has announced plans to monetize airports across country under the National Monetisation Pipeline (NMP) program. A total of 25 airports were identified for asset m...
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December 09, 2021
Tender issued for USD160 million water supply PPP project in India
Jharkhand Urban Infrastructure Development Co in India and Asian Development Bank (ADB) have launched a tender seeking strategic consultant for water supply infrastructure in towns of Ranchi, Hus...
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December 02, 2021
SPV formed for privatization of power distribution in Gujarat
The Government of India has approved the formation of a special purpose vehicle (SPV), which will be responsible for the electricity distribution network in union territories of Diu, Daman, Dadara and...
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December 01, 2021
India invites bids for Dwarka stadium PPP in New Delhi
Delhi Development Authority (DDA) in New Delhi, India has launched a notice inviting bids for Dwarka international stadium PPP project. The stadium will be situated on a 54 hectares site in the Dwark...
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