GMR Infrastructure Ltd has commenced partial toll collection on Hungund-Hospet road. GMR OSE Hungund Hospet Highways Pvt Ltd, a subsidiary of GMR Infrastructure, is collecting partial toll because of partial completion of the project ahead of schedule.
Toll collection has started at two out of three toll plazas of the project, said a company release.
The company is executing the four-laning road project of Hungund-Hospet section of NH-13 on toll basis under NHDP - Phase III.
Arun Kumar Sharma, CEO, GMR Highways, said earlier: “The Hungund-Hospet project is the company's first project in Karnataka and toll collection was delayed due NHAI delay in toll notification.”
“The Karnataka project is a build, operate and transfer (BOT) toll project with a concession period of 19 years (which includes the construction time of 30 months). The project cost is Rs 1,650 crore and we are involved in design, construction, development, finance and of this 99.05 km stretch on NH 13,” he had said.
The company won the project through an international competitive bid from the National Highways Authority of India, this project is being developed by the consortium of GMR Group and Oriental Structural Engineers.