PNC Infratech signs concession agreement with NHAI for road project in Karnataka

PNC Infratech announced the signing of concession agreement on 16 July 2018 between National Highways Authority of India and Special Purpose Vehicle incorporated for the following Hybrid Annuity Mode (HAM) NH project, secured recently by the Company.

Project details -

Four Laning of Challakere to Hariyur section of NH 150 A, in the state of Karnataka.
Name of SPV - PNC Challakere (Karnataka) Highways
Bid Project Cost - Rs 1157 crore

The above project is to be constructed in 24 months upon declaration of appointed date and operated for 15 years, post construction.

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