Ashoka Buildcon: lowest bidder for KSHIP project

Ashoka Buildcon: lowest bidder for KSHIP project
Ashoka Buildcon Ltd. and GVR Infra Project Ltd. had jointly submitted its bid as Ashoka Buildcon Ltd. (51 per cent) and GVR Infra Projects Ltd. (49 per cent) with the Karnataka State Highways Improvement Project-II (KSHIP-II).
The bid was for the design, build, finance, operate, maintain and transfer of the existing state highway (SH18) from Mudhol to Maharashtra Border in Karnataka.
The project, which costs Rs. 317.60 crore,  is on annuity basis with the concession period of 10 years.

26