PNC Infratech has signed the concession agreement with the National Highways Authority of India (NHAI) for the four-laning of Meerut - Nazibabad section of NH-119 (New NH-34) for design chainage km 11+500 (Meerut) to 39.250 (Behsuma) and also from 79.500 km (Bijnor) to 105.700 (Jalalabad), in Uttar Pradesh under the Bharatmala Pariyojna on Hybrid Annuity Mode (HAM). For the project, which entails an investment of ₹1547 crore, the company has placed its bid worth ₹1412 crore. In the current financial year, the company has executed concession agreements for four national highway projects including the above project, to be executed on HAM model with NHAI for an aggregate Bid Project Cost of ₹6596.0 crore. The Company has also executed agreements for two national highway projects on EPC mode with NHAI for a total contract value of ₹1547.8 crore, in the current financial year.
📅Published on:
04 September 2020
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