NHAI declares October 9 as pact date for Rajasthan road project

NEW DELHI: Infrastructure firm Sadbhav Engineering said NHAI has fixed October 9 as appointed date for a road widening project in Rajasthan, which it bagged from highways regulator recently.

" National Highways Authority of India (NHAI) has declared October 9 as appointed date for the project - four laning of Rajsamand-Gangapur-Bhilwara in Rajasthan on design, build, finance, operate and transfer (DBFOT) basis," the company said in a filing to the Bombay Stock Exchange.

The appointed date is the date from which the concession agreement starts.

The company has recently won a Rs 778-crore project for widening of the 87 km stretch, which it said will "executed through our special purpose vehicle, i.e. Bhilwara-Rajsamand Tollway Pvt Ltd."

The concession period of 30 years including construction period of 910 days will start from the appointed date, it said.