Letter of Acceptance issued for two highways projects in T'Nadu

New Delhi, Mar 6 (UNI) The National Highways Authority of India (NHAI) has issued Letters of Acceptance (LoAs) for two projects for development of National Highways sections in Tamil Nadu under Phase-IIIA of the National Highways Development Project (NHDP).

The design, engineering, finance, construction, operation and maintenance of these packages, covering a total length of 118 km, would be carried out on the Build-Operate-Transfer (BOT) basis.

The concession period for these packages is 30 years, including construction period of 30 months each.

For the 38.61-km-long Pondicherry-Tindivanam section, the project cost will be Rs 285 crore. It has been bagged by Maytas-NCC Consortium.

The 79.70-km-long Trichy-Karur Section, bagged by Reliance Energy Limited, will be developed at a cost of Rs 516 crore.

UNI