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

  • Ferrovial loses control of Canada’s 407 Express Toll Road
    August 27, 2019
    Ferrovial has lost control of the 407 International highway in Canada, one of the Spanish group's star assets. The Supreme Court in the province of Ontario has ruled in favour of co-shareholder pension fund Canada Pension Plan Investment Board to buy another stake - 10.01% - in the highway. The shares are up for sale by another shareholder, Montreal-based global infrastructure engineering firm SNC-Lavalin. The court denied Ferrovial, which already has the largest shareholding at 43% in the highway, th
    Read More
  • Indian road building works
    September 15, 2021
    Indian road building works are planned for Uttar Pradesh and Tamil Nadu.
    Read More
  • Indian highway deals awarded
    February 21, 2020
    Two important highway projects have been awarded in Rajasthan State.
    Read More
  • Work planned for two major Indian highway projects
    September 30, 2015
    Two large highway projects in India are now moving forward following the award of contracts by the National Highways Authority of India (NHAI). The NHAI awarded a contract worth US$269.62 million to Hindustan Construction Co (HCC) for the construction of a highway in the local state of Jammu and Kashmir. The project is part of the second stage of the National Highways Development Project (NHDP) initiative by the NHAI for the NH 1A highway, and covers 36km including 3km of tunnels between Banihal and Ramban.
    Read More

Highlighted Content