Indian investment

The National Highway Authority of India is awarding a US$244 million road project to IVRCL Infrastructures and Projects (IVRCL).
February 7, 2012 Read time: 1 min
The 292 National Highways Authority of India is awarding a US$244 million road project to 1318 IVRCL Infrastructures and Projects (IVRCL). IVRCL's subsidiary 1319 IVR Prime will upgrade a section on the Chengapalli to Coimbatore bypass into a six lanes, with three running in either direction. The firm will have a 27 year concession period for the project, including a construction phase of 30 months. In addition the firm will also handle a new four-lane road project near Coimbatore in India.



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