PNC Infratech has been declared as the L1 (lowest) bidder for a NHAI project of 53.95 km, said official sources. The contract involves four-laning of a Meerut - Nazibabad section of NH-119 (New NH-34) from design chainage km 11+500 (Meerut) to 39.250 (Behsuma) and from km 79.500 (Bijnor) to 105.700 (Jalalabad), in Uttar Pradesh, under the Bharatmala Pariyojana on Hybrid Annuity Mode (HAM) for ₹1412.0 crore. Four firms participated in the bidding and PNC's bid turned out to be the lowest. The project is to be constructed in 24 months and operated for 15 years after its commissioning. This is the eleventh hybrid annuity highway project secured by the company so far.
📅Published on:
15 May 2020
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