Sadbhav Infra secures Rs.1,008 cr road contract

Pushing the pace of project delivery in the road sector, NHAI has declared the Sadbhav Infrastructure Projects as the lowest bidder for the four laning of Tumkur -Shivamogga section starting from Banwara to Bettadahalli of NH-206 on Hybrid Annuity Model under NHDP Phase-IV. The road project, which is located in Karnataka, entailed an investment of Rs.1,008 crore and its bid price is at a discount of around 7% to Rs.933.82 crore. The discount in bid price could be an indication of aggressive bidding, led by an increase in competition. The construction period for the project commanding a length of 48.52-km, is 730 days and the operation period is 15 years, said an official spokesperson that the company’s portfolio consisted of 18 projects, which includes 10 BOT projects and 7 under Hybrid Annuity Model, as of quarter third of the current fiscal.