TTIPL-RVNL emerges as L1 bidder for ₹1,272-cr road contract
The National Highway Authority of India has awarded a project worth ₹1,272 crore to the TTIPL-RVNL consortium, which emerged as the lowest bidder (L1). The consortium comprises TTIPL with a 51 percent stake and RVNL with the remaining 49 percent stake. The scope of work for the project involves the six-laning of a 37.3 km greenfield Varanasi-Ranchi-Kolkata Highway from Sonepurbigha village to the junction with NH-22 (Chatra Bypass) from km 184.700 to km 222.000 in the state of Jharkhand. The project is part of the Bharatmala Pariyojana and will be executed on a Hybrid Annuity Model for Package-8. This initiative is expected to significantly improve connectivity in the region, thus boosting trade and commerce.
📅Published on:
23 March 2023
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