The Government of Maharashtra has extended the concession period for the Ahmednagar-Aurangabad road (SH-60) project of Ashoka Buildcon. The extension of the project will start on December 19, 2018, and will be up to November 22, 2020. The 703 days extension period is attributed to several factors such as changes in the interest rate with respect to BLR and variation in the construction work carried out during the initial period of the project.
The 168-km road project consists of a four-lane in KM 120/200 to 155/600 and a three-lane in KM 155/600 to 162/000. The facility is developed under Build-Operate-Transfer (BOT) scheme. Construction was completed in May 2008.
Country updates
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November 26, 2018
Uttar Pradesh approves land acquisition for airport PPP project
The Government of Uttar Pradesh (UP), India, has approved around US$178.5 million to acquire 1,327ha of land for the proposed Jewar International Airport in Gautam Buddh Nagar. The airport will be de...
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November 22, 2018
GMR subsidiary signs concession agreement for US$300 million port project in India
Kakinada Gateway Port Limited (KGPL), a subsidiary of Kakinada SEZ Limited (KSEZ), has signed a concession agreement with the government of Andhra Pradesh for the development of a greenfield commercia...
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November 06, 2018
India mulls re-tendering Zoji La tunnel
The Government of India mulls re-bidding for the Zojila Tunnel project if the initially awarded company, Infrastructure Leasing & Financial Services, fails to undertake the construction of th...
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October 30, 2018
Seven bidders for US$575 million airport PPP in India
Andhra Pradesh Airports Development Corporation (APDCL) has received seven responses to a Request for Qualifications (RFQ) for the development of a greenfield international airport in the state, locat...
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October 26, 2018
Financial Closure Achieved By VK1 Expressway Private Limited
The SPV ' VK1 Expressway Private Limited' achieved financial closure for section widening project on Vadodara- Mumbai Expressway. The section under widening is 23.40 km long and between Vado...
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