A Buildcon fixes funds for ₹1,687 cr road project

    Ashoka Buildcon
    The wholly owned subsidiary of the Ashoka Buildcon, Ashoka Ankleshwar Manubar Expressway, in a recent development has announced that its subsidiary has submitted duly executed financing documents to NHAI for launching the construction work on the project entailing an investment of ₹1,687 crore. The project in question, was secured on the Hybrid Annuity Mode (HAM), involving scope of work including the construction of eight (8) Lane 1,155.84 1,687.00 with a construction period: 910 days Vadodara Kim Expressway from Operation Km 279.00 to Km 292.00 (Ankleshwar to Manubar Section of Vadodara Mumbai Expressway) in the State of Gujarat under NHDP Period. The concession period for the project is 15 years from COD Phase - VI on Hybrid Annuity mode (Phase IA-Package IV) (Project), said an official spokesperson.
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