JMC Projects (India), a subsidiary of Kalpataru Power Transmission, today said it has bagged a project from the National Highway Authority of India (NHAI) to construct a four-lane highway between Rohtak and Bawal in Haryana.
This is the first build own operate transfer (BOOT) project bagged by JMC and is expected to be operational in the next 36-months, a release issued here said.
The project has been won along with SREI Infrastructure as a consortium partner. The total project cost will be in the range of Rs 1,000 crore, the release said.
It (the project) will be executed on a design, build, finance, operate and transfer (toll) basis with a concession period of 27-years, including the construction period.
JMC's Director Manish Muhnot said, "We are expanding on the value-chain, from EPC expertise to ownership of assets. The Government's focus on expediting road projects augurs well for the company and we are keen to play our role in the process by getting involved in more road projects, both on EPC contracting and BOOT."