GMR to build 555 kms Mega Highway Project [Nov 2011]

GMR to build 555 kms Mega Highway Project GMR Group gets the order to develop for six laning of 555 km long Kishangarh – Udaipur – Ahmedabad highway, the first brownfield mega highway project in India. This project will be implemented through the Public Private Partnership (PPP) model on Design, Build, Finance, Operate and Transfer (DBFOT) model. This Highway section is a part of the Delhi Mumbai (Golden Quadrilateral) corridor and goes through the newly announced Delhi-Mumbai Industrial Corridor (DMIC) which has a very high growth potential for commercial and tourist traffic. This is the Group’s first Highway project in Western India. Commenting on the significance of the project, Srinivas Bommidala, Business Chairman – GMR Urban Infrastructure & Highways, said, “The strategy for the Highways Business of the Group has been to bid with detailed preparation. This successful bid is the culmination of a thorough study of the traffic and its growth potential, carried out by the company utilising the cross-verification of estimates by our internal team and an external team over 2 years.”

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