PNC Infra signs pact with NHAI for road project in K’taka

PNC Infratech has said a concession agreement signed between National Highways Authority of India and Special Purpose Vehicle incorporated for a Hybrid Annuity Mode (HAM) NH project, secured recently by the company.

Details of the project are: Four Laning of Challakere to Hariyur section of NH 150 A, in the state of Karnataka.

Name of SPV – PNC Challakere (Karnataka) Highways Bid Project Cost – Rs 1157 crore

The project is to be constructed in 24 months upon declaration of appointed date and operated for 15 years, post construction.

Image Credit : goodgovernancegroup.in

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