KNR Constructions Wins Rs 665 Cr Highway Construction Project in Andhra Pradesh
KNR Constructions wins Rs 665 Cr Highway Construction Project in Andhra Pradesh. Acknowledgment of LOA for the construction of a six-lane, access-controlled, eco-friendly highway on a new site from Marripudi (ch. 285+500) to Somvarappadu (ch. 314+600) located on the Bengaluru-Vijayawada economic corridor of [NH-544G]. The project will be executed under the Hybrid Annuity Model (HAM) as part of Bharatmala Pariyojana Phase-1 in the Andhra Pradesh state.
Referring to the subject mentioned above, we would like to inform the Exchange that our company has received the Letter of Acceptance for the construction of a six-lane, access-controlled, eco-friendly highway on a new site from Marripudi (ch. 285+500) to Somvarappadu (ch. 314+600) located on the Bengaluru-Vijayawada economic corridor of [NH-544G]. The project will be executed under the Hybrid Annuity Model (HAM) as part of Bharatmala Pariyojana Phase-1 in the Andhra Pradesh state.
Particulars of project:
Construction of a six-lane, access-controlled, eco-friendly highway on a new site from Marripudi (ch. 285+500) to Somvarappadu (ch. 314+600) located on the Bengaluru-Vijayawada economic corridor of [NH-544G]. The project will be executed under the Hybrid Annuity Model (HAM) as part of Bharatmala Pariyojana Phase-1 in the state of Andhra Pradesh.
Project Cost and Mode:
The cost of the project is 665 crore, and the mode of the project is Hybrid Annuity.
Completion & Operation Period:
The completion period for the project is 24 months, and the operation period will be 15 years from the date of commercial operation.
About KNR Constructions:
KNR Constructions Ltd, incorporated in 1995, is engaged primarily in the construction of roads, bridges, flyovers and irrigation projects.
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