GVK signs pact for road project in Gujarat

Our Bureau Hyderabad | Updated on February 25, 2011

GVK Power and Infrastructure Ltd has informed BSE that GVK Bagodara Vasad Expressway Private Ltd, a step-down subsidiary of the company, has signed a concession agreement with the Gujarat State Road Development Corporation for six-laning of the existing three lanes of the Bagodara-Wataman-Tarapur-Vasad Road project in Gujarat.

The work entails improvement of a stretch of the State Highway 8, between 0 to 109 km on build, own and transfer (BOT) basis.

The concession agreement is for a period of 27 years including the construction period of 30 months.

Published on February 25, 2011

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