Dilip Buildcon gets LOA from NHAI for hybrid annuity mode project in Gujarat

Dilip Buildcon has secured a letter of acceptance (LOA) from the National Highways Authority of India (NHAI) for executing a hybrid annuity mode project in Gujarat under an INR 8.82 billion ($120 million).

The Bhopal-based construction engineering company will be responsible for the 50.45km long four laning of Dhrol-Bhadra Patiya sectlon of NH-151A and Bhadra Patiya-Pipaliya Section of NH-151A in Gujarat. The project, which has to be wrapped up in 24 months, will be executed via a public private partnership (PPP) on design, build, operate, and transfer basis.

The operation period of the hybrid annuity mode project will be 15 years from the COD.

NHAI issues LOA to Dilip Buildcon for executing hybrid annuity mode project in Gujarat. Photo courtesy of Trinidade/WIkipedia.org.