Sadbhav Infrastructure Projects announced that Vizag Port Road (a Wholly Owned Subsidiary Company or SPV) has executed Supplementary
Agreement to Concession Agreement with National Highways Authority of India
(NHAI) towards termination of Concession Agreement dated 3 May, 2018 due to
non-availability of required 80% of right of way by NHAI within stipulated time
period. With this, Concession Agreement dated 3 May, 2018 shall cease to be in
existence and will be treated as terminated with mutual consent of the parties without
any outstanding claims on each other.
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