Indian deal for key highway project

Work is progressing on the 180km National Highway 18 project in India linking Kurnool and Kadapa.
February 29, 2012 Read time: 1 min
RSSWork is progressing on the 180km National Highway 18 project in India linking Kurnool and Kadapa. The US$364 million project is being carried out by Rayalaseema Expressway under a build, operate and transfer (BOT) model. However a recent development is that SNC Lavalin Mauritius, a subsidiary of 2482 SNC Lavalin, has acquired a 36% stake in Rayalaseema Expressway in a financial deal worth $36.4 million.

For more information on companies in this article

Related Content

  • Major Canadian toll road extension project awarded
    May 25, 2012
    A joint venture formed by SNC Lavalin and Cintra Infrastructure will handle the contract to extend Highway 407 in Canada. This US$974.4 million (C$1 billion) deal was awarded by the authorities in Ontario to a joint-venture called the 407 East Development Group General Partnership and is a partnership between Spanish firm Cintra (a subsidiary of Ferrovial) and Canadian company SNC-Lavalin of Canada. The partnership will build, design and maintain Phase 1 of the new Highway 407 East. The construction work is
    Read More
  • Calgary rounds up road plan
    February 9, 2012
    The Chinook Roads consortium has the design, build, finance, construct and operate contract for Calgary's new Southeast Stoney Trail project. This 258km link will form part of the fast-growing Canadian city's ring road and is being developed under a PPP model.
    Read More
  • Highway deals for three Indian states
    April 24, 2012
    The authorities in India have given the go-ahead for a series of highway projects in the states of Tamil Nadu, Orissa and Rajasthan. These will be worth US$693.5 million and are being planned under the design, build, operate, finance and transfer (DBOFT) model. The National Highways Development Project (NHDP) will see upgrades to the Madurai-Ramanathapuram route in Tamil Nadu, the Chandikhole-Dubari-Talcher road in Orissa to four-lane section and a 79km section of the Gomati Chauraha-Udaipur road in Rajasth
    Read More
  • A key expressway project is due in Nepal
    July 26, 2012
    The Nepalese Government plans to open a key expressway project to tender. The Ministry of Physical Planning works and Transport Management is inviting bidders to show their interest in the construction of the Kathmandu-Nijgadh-Pathlaiya Terai/Madesh Expressway project. This new road link is intended to be offered under a PPP/BOT model. The 76km expressway is expected to cost US$853 million to construct. A feasibility study has been carried out and the expressway will be designed to meet the Class – A Catego
    Read More

Highlighted Content