+
DRA Infracon Wins Rs 49 Bn BOT Toll Highway Project in Assam
ROADS & HIGHWAYS

DRA Infracon Wins Rs 49 Bn BOT Toll Highway Project in Assam

Dineshchandra R Agrawal Infracon has secured the contract to develop a 121 km stretch of highway in Assam, valued at Rs 49 billion, under a Build, Operate, and Transfer (BOT) Toll model. The company has committed to constructing the highway without any grant from the National Highways Authority of India (NHAI).

The other bidders for the Guwahati Ring Road project, which is divided into three sections, included a joint venture between Adani Group and Ashoka Buildcon, which requested a Rs 135 crore grant, and state-owned Rail Vikas Nigam Ltd, which sought Rs 370 crore from NHAI. DRA Infracon emerged as the lowest bidder for the project.

This marks one of the first highway projects to be awarded by NHAI on the BOT Toll model in over a decade, following a revision of the model concession document to make these projects more attractive to investors.

After facing financial challenges with BOT Toll model projects in the past, NHAI shifted to the Hybrid Annuity Model (HAM) for highway projects under public-private partnership (PPP) arrangements. However, this latest development signals a revival of the BOT Toll model, a key step in modernising India's highway infrastructure.

Dineshchandra R Agrawal Infracon has secured the contract to develop a 121 km stretch of highway in Assam, valued at Rs 49 billion, under a Build, Operate, and Transfer (BOT) Toll model. The company has committed to constructing the highway without any grant from the National Highways Authority of India (NHAI). The other bidders for the Guwahati Ring Road project, which is divided into three sections, included a joint venture between Adani Group and Ashoka Buildcon, which requested a Rs 135 crore grant, and state-owned Rail Vikas Nigam Ltd, which sought Rs 370 crore from NHAI. DRA Infracon emerged as the lowest bidder for the project. This marks one of the first highway projects to be awarded by NHAI on the BOT Toll model in over a decade, following a revision of the model concession document to make these projects more attractive to investors. After facing financial challenges with BOT Toll model projects in the past, NHAI shifted to the Hybrid Annuity Model (HAM) for highway projects under public-private partnership (PPP) arrangements. However, this latest development signals a revival of the BOT Toll model, a key step in modernising India's highway infrastructure.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?