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Our Bureau

Hyderabad , Dec. 29

Lanco Group has successfully won the bid for Bangalore-Hoskote-Mudbagal Road Work on Build, Operate and Transfer (BOT) basis. This is the first BOT Project in the highway sector for Lanco.

The project under NHDP Phase III A in Karnataka is estimated to cost around Rs 565 crore. According to a company statement, while Lanco quoted with a positive grant of Rs 194.94 crore, Reliance quoted Rs 199 crore. Other competitors for the project included Gammon India and Soma Enterprises.

The work of widening of 79.7 Km road from the existing two-lane to four-laneincludes design, engineering, construction, development, finance, operation, maintenance and tolling of Bangalore-Hoskote-Mudbagal section road from Km 237.7 to 318 km of NH4 for Karnataka.

More Stories on : New Business | Roadways | Karnataka

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