RInfra sole bidder for Eastern Peripheral Expressway project
Reliance Infrastructure, the infrastructure arm of Reliance Anil Dhirubhai Ambani Group, has emerged as the sole bidder for the 135-km green field Eastern Peripheral Expressway project covering Haryana, Delhi and UP on Build Operate and Transfer (...
By ET Online |
NEW DELHI: Reliance Infrastructure, the infrastructure arm of Reliance Anil Dhirubhai Ambani Group, has emerged as the sole bidder for the 135-km green field Eastern Peripheral Expressway project covering Haryana, Delhi and UP on Build Operate and Transfer (BOT) basis, in spite of two extensions from NHAI earlier.
The project would entail an investment of Rs 2,676 crore (NHAI estimate) and involves construction of green field six lane expressway with access control highway connecting Faridabad- Noida- Gaziabad ���Sonepat which will also act as bypass to Delhi with a concession period of 20 years, the company said in a press release.
The project is specifically designed to decongest Delhi traffic under the high court instructions. Once operational, the new expressway will ease traffic congestion, drastically cut travel time and ensure safe and comfortable movement of traffic.
This project will take the Reliance Infrastructure road portfolio to 601 kms, worth Rs 6,500 crore.
Reliance Infrastructure in the last two years has emerged as the largest developer of road and highway projects for the National Highways Authority of India (NHAI) under the build, own, transfer scheme. The company is at present in the advanced stages of the four-laning of five national highway projects in Tamil Nadu, covering a length of 400 kms at a cost of Rs 3,100 crore.
The project would entail an investment of Rs 2,676 crore (NHAI estimate) and involves construction of green field six lane expressway with access control highway connecting Faridabad- Noida- Gaziabad ���Sonepat which will also act as bypass to Delhi with a concession period of 20 years, the company said in a press release.
The project is specifically designed to decongest Delhi traffic under the high court instructions. Once operational, the new expressway will ease traffic congestion, drastically cut travel time and ensure safe and comfortable movement of traffic.
This project will take the Reliance Infrastructure road portfolio to 601 kms, worth Rs 6,500 crore.
Reliance Infrastructure in the last two years has emerged as the largest developer of road and highway projects for the National Highways Authority of India (NHAI) under the build, own, transfer scheme. The company is at present in the advanced stages of the four-laning of five national highway projects in Tamil Nadu, covering a length of 400 kms at a cost of Rs 3,100 crore.
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