![]() Financial Daily from THE HINDU group of publications Monday, Sep 12, 2005 |
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Roadways NHAI signs Rs 360-cr pact with Western UP Tollway Our Bureau
New Delhi , Sept. 11 THE National Highways Authority of India (NHAI) signed a Rs 360-crore agreement with Western UP Tollway for its BOT (build-operate-transfer) contract under the National Highways Development Project (NHDP) Phase III A. The agreement was signed by NHAI authorities with Western UP Tollway Ltd, in the presence of NHAI Chairman, Mr Santosh Nautiyal, to four-lane the Meerut-Muzaffarnagar section of NH-58 in Uttar Pradesh, according to a statement. The four-laning of this high-traffic density 78.31 km stretch is expected to be completed in 36 months at a cost of nearly Rs 360 crore. The concessionaire, Western UP Tollway Ltd, (a special project vehicle formed by Nagarjuna Construction Company and MAYTAS Infra Pvt Ltd) has been given a grant of Rs 127.8 crore for a concession period of 20 years (including construction period of 36 months), it added. Presently, the Meerut-Muzaffarnagar section is mostly two-lane except for isolated four-lane stretches aggregating about 6 km. On completion, this 78.31 km stretch, being built on BOT basis, would be a four-lane road with paved shoulders. In addition it would have 5.5 metre wide service roads on either side in town and villages through which the highway is passing. It would also have two major bridges (on Khatauli bypass), three rail overbridges (on Meerut bypass, Skoti Tanda and Muzaffarnagar bypass), one flyover (at the end of Meerut bypass). Seven underpasses, four truck lay-bys and one Rest Area (on Khatauli bypass) are some of the other salient features of the proposed four-lane highway. This is the second concession agreement signed under NHDP-Phase III A. In July 2005, a concession agreement was signed for constructing the 12 km Guna bypass in Madhya Pradesh on BOT basis.
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