Era Infra ties up funds for Bareilly-Sitapur highway project

Era Infra has tied up funds for the Rs 1,951 crore 151 km Bareilly-Sitapur highway project in Uttar Pradesh. The company had received the contract for four laning (widening) of Bareilly-Sitapur section under National Highways Development Project Phase-III on Design, Build, Finance, Operate and Transfer (DBFOT) toll basis. Era will infuse Rs 290 crore as equity for the project on EPC basis while the NHAI will contribute Rs 290 crore as grant. Construction on the project has commenced and it is likely to be completed by 2013. Contact: Era Infra. Tel: 011-4063 7000. Fax: 011-4063 7070. Website: www.eragroup.co.in