Ramky inks pact for Rs. 1,034cr road project

The Hospet Chitradurga Tollways Limited, which is a step down subsidiary of Ramky Infrastructure Limited, in a recent development, has inked a concession agreement with the National Highways Authority of India (NHAI) for Rs. 1,033.65cr national highway projects.

For the project in question, which is a toll-way road stretch in Karnataka has been awarded to the road builder (Ramky) under the National Highway Development Project (NHDP) Phase-II program to undertake the four laning of Hospet Chitradurga section stretch of the National Highway-13 starting from 299km to 418 km in Karnataka under the program. The highway project has to be carried out under the design, build, finance, operate and transfer basis in built, operate and transfer (BoT) model and has a concession period of 25 years.