KNR Constructions Ltd has informed the BSE that the company has been awarded a road project by NHAI which entails two-laning of Muzaffarpur-Barauni section of NH-28 from KM 519.6 to KM 627 in Bihar under NHDP phase IVB to be implemented through the Public Private Partnership (PPP) mode.
This is to be executed on Design, Build, Finance, Operate and Transfer (DBFOT) basis.
According to the statement, this tollway has a concession period of 21 years including the construction period of 730 days.