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.

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