PNC INFRATECH BAGS HYBRID ANNUITY HIGHWAY PROJECT OF `1,412-CR
PNC Infratech Limited has beendeclared as the L1 (lowest) bidder for a NHAI Project of 53.95 km longFour-laning of Meerut–Nazibabad section of NH-119 (New NH-34) from design chainageKm 11+500 (Meerut) to 39.250 (Behsuma)
and from km 79.500 (Bijnor) to105.700 (Jalalabad), in the state of Uttar Pradesh under the Bharatmala Pariyojanaon Hybrid Annuity Mode (HAM) for `1,412-crore. Four firms participated inthe bidding and price bids were opened recently,
with PNC’s bid being the lowest(L1). The project is to be constructedin 24 months and operated for 15 years post
construction. This is theeleventh hybrid annuity highway project secured by the company so far.
NEWS ----------SEPTEMBER 2018 Issue
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