IL&FS Engineering and Construction Company Limited has bagged Rs 1,232 crore road project contract from National Highways Authority of India (NHAI).
The letter of award is for four laning of Patna Gaya Dobhi Section of NH-83 for 127 km in Bihar to be executed under Japanese International Cooperation Agency (JICA) ODA Loan Assistance. The project has to be completed within 1095 days from the commencement date.
According to a statement from the Hyderabad-based construction company, the widening of this highway will give a major boost to the tourism industry there as it falls under the Buddhist circuit. It is expected to provide substantial economic gain in terms of reduced vehicle operating costs and reduced travel time.