Hindustan Construction-led consortium bags Rs.14-bn project

January 20th, 2009 - 5:45 pm ICT by IANS  

New Delhi, Jan 20 (IANS) A consortium led by infrastructure major Hindustan Construction Co. (HCC) has bagged a Rs.1,415-crore (Rs.14.15-billion) six-lane highway project connecting Maharashtra and Madhya Pradesh, the company said Tuesday.The 96.5 km highway, to be constructed on a build-operate-transfer basis with an 18-year concession period, will run from the Maharashtra border along National Highway 3 to Dhule in Madhya Pradesh.

The other members of the consortium are Britain-based John Laing Investment and the Ahmedabad-headquartered Sadbhav Engineering.

HCC will invest Rs.524 crore (5.24 billion), the company said in a statement.

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