The Consortium of Soma Enterprise Ltd., Nagarjuna Construction Company Ltd. (NCC) and Maytas Infra Ltd. has completed the much awaited Bangalore Elevated Tollway Project on Bangalore-Hosur Section of NH-7.
Bangalore Elevated Tollway Limited (Consortium of Soma, NCC, Maytas) has taken up the challenging task of construction of Elevated Expressway on Bangalore – Hosur section of NH-7 from Silk Board junction (KM 8+765) to Electronic City Junction (KM 18+750) on Built Operate and Transfer (BOT) basis for the National Highways Authority of India. Soma is the Lead Technical Member, NCC is the Lead Financial Member and Maytas is the Member of the Consortium.
This is one of the most elegant Expressways being built in the shortest possible time in the country today. The 9.985 km long (from km 8.765 to km 18.750) 4 lane, 2 way elevated highway between Silk Board Junction and Electronic City Junction has been built with an investment of Rs. 7650 million. Bangalore Elevated Tollway Limited (BETL), a special purpose vehicle formed by the consortium has built the project on Build, Operate and Transfer (BOT) basis for the National Highways Authority of India (NHAI).
Speaking on the occasion, Mr. Ankineedu Maganti, CEO and Director, Soma Enterprise Ltd. said, “We are delighted to announce the completion of the much awaited Bangalore Elevated Expressway, which will alleviate traffic congestion and save fuel cost. Commuting between Silk Board Junction and Electronic City will now be signal-free and take just ten minutes.”
Mr. NR Alluri, Director, Nagarjuna Construction Company said that NCC is proud to be associated to complete the most elegant Expressway Project in this IT Capital of India. We are also happy to be a partner in the Consortium in executing the project, he added. Mr. Alluri further said that NCC’s vision is to build a strong infrastructure foundation which will lend total support to the Indian economy.
The travel time on this stretch from Silk Board Junction to Electronic City used to take more than one and half hours during peak hours. The numerous industries located on either side of the highway and Electronic City are very important for the economy of the State of Karnataka as well as of the nation.
Apart from utilizing the state-of-the-art segmental Construction Technique, special attention was devoted to aesthetic and visual integration of various structural elements.
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BETL has also developed the 6-lanes divided main carriageways with RCC Storm Water Drain, 8 Pedestrian Underpasses and 16 Bus bays and shelters. Also a 4-lane Flyover at Bommasandra (Km 21.170 to Km 22.000) and 6-lane Flyovers at Chandapura (Km 23.720 to Km 24.600) and Attibele (Km 31.690 to Km 32.400) to ensure the regular highway traffic along the stretch is also eased.
The Consortium will operate and maintain the roads in the stretch between Silk Board Junction and Inter State Border for the next 18 years.
About Soma Enterprise Ltd.
Soma Enterprise Ltd. is one of India’s fastest growing infrastructure developers. With more than 12 years of excellence in construction and development of core infrastructure projects in the Highways, Rail, Irrigation, Water, Hydel Power and Urban Infra sectors among others. The organization, with a turnover of around Rs. 20.12 billion is currently executing over 30 projects worth over Rs.142 billion across 18 states. It has over 1000 Experienced Senior Engineers / Project Managers, 3500 Engineers / Technicians – Supporting the senior team and over 5500 skilled and semi skilled workforce. As an integral part of its approach to construction, Soma owns and deploys state of the art equipment and technology in assets worth over Rs. 10 billion to ensure efficient execution. Soma has evolved from a pure EPC player to taking infrastructure projects on a Build Own Transfer basis and has also diversified to include Realty, Infrastructure Technology and Natural Resources in the group.
About Nagarjuna Construction Company Limited (NCC)
NCC - the brainchild of Dr. A.V.S. Raju, a renowned Architect, Planner and Builder was incorporated over three decades ago. NCC is today on the speedway to becoming one of India’s most respected and trusted construction houses. Innovative construction methodologies, a professional approach, flawless deliveries, unimpeachable quality, improving-by-the-day customer satisfaction levels...have all helped it achieve a remarkable growth rate. The result, a holistic growth pattern that has seen the Company as Rs. 4156 crore turnover in 2009! At NCC, our corporate vision is to build a strong and reliable infrastructure foundation that will lend total support to the Indian economy. In this direction, NCC has taken up and executed major projects in the verticals of Buildings & Housing, Transportation, Water & Environment, Electricals, Power, Irrigation, Metals, Oil & Gas, Mines and International. NCC has set up offices in eleven Indian cities, and two overseas - in Dubai and Muscat, to help serve our clients better. NCC Urban Infrastructure Limited and NCC Infra are Group Companies of NCC. At the heart of all NCC’s successes are its ingenious construction management strategies, expert project execution skills and extensively experienced team of professionals supported by over 5000 employees.
About Maytas Limited
Maytas Infra Limited, a Hyderabad-based infrastructure development Company is one of the leading Infrastructure Development, Construction and Project Management Companies in India with more than two decades of rich and varied experience in executing projects under various domains such as Buildings & Structures, Transportation, Water, Energy and BOT. Maytas Infra is an ISO 9001 - 2000 certified Company, committed to the highest standards of quality. The Company bagged the ‘Fastest Growing Construction Company in India’ award in 2008 for the third consecutive year in large size category instituted by Construction World and National Institute of Construction Management & Research (NICMAR). It had bagged this award in 2006 for small size category, and in 2007 for medium size category. Maytas Infra is the only Infrastructure Company from India to be designated as 'Global Growth Company' (GGC) by the prestigious 'World Economic Forum' of which it became a member recently. To know more, please visit: www.maytasinfra.com.