+
Highway Infrastructure Wins Rs. 2.21 bn Gorakhpur Expressway Order
ROADS & HIGHWAYS

Highway Infrastructure Wins Rs. 2.21 bn Gorakhpur Expressway Order

Highway Infrastructure has secured a Rs. 2.21 bn contract from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for toll collection and plaza operations on the Gorakhpur Link Expressway. The Letter of Acceptance was issued on September 16, according to the company’s exchange filing.

Under the two-year agreement, Highway Infrastructure will manage user fee collection and operate toll plazas along the expressway. The company will also deploy four patrol-cum-safety vehicles and provide personnel to operate them as part of its responsibilities under the contract.

The contract is valued at Rs. 1.05 bn for the first year, with a 10 per cent escalation for the second year. The total contract value is Rs. 2.21 bn. The order adds to Highway Infrastructure’s portfolio of toll operations contracts across important highway stretches.

In August, the company reported a Rs. 801.7 mn contract from the National Highways Authority of India for toll operations at Palayam Fee Plaza in Tamil Nadu. That agreement covers user fee collection at the plaza on National Highway 44, along the Krishnagiri-Thumbipadi section between Km 94+000 and Km 180+000.

The Palayam Fee Plaza contract was awarded on a Build-Operate-Transfer basis and has a tenure of 90 days. The Krishnagiri-Thumbipadi stretch connects Bengaluru, Hosur and Dharmapuri and supports passenger and freight movement, logistics activity and toll revenue generation. Highway Infrastructure shares ended 0.53 per cent higher at Rs. 43.83 on the NSE on September 16.

Highway Infrastructure has secured a Rs. 2.21 bn contract from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for toll collection and plaza operations on the Gorakhpur Link Expressway. The Letter of Acceptance was issued on September 16, according to the company’s exchange filing. Under the two-year agreement, Highway Infrastructure will manage user fee collection and operate toll plazas along the expressway. The company will also deploy four patrol-cum-safety vehicles and provide personnel to operate them as part of its responsibilities under the contract. The contract is valued at Rs. 1.05 bn for the first year, with a 10 per cent escalation for the second year. The total contract value is Rs. 2.21 bn. The order adds to Highway Infrastructure’s portfolio of toll operations contracts across important highway stretches. In August, the company reported a Rs. 801.7 mn contract from the National Highways Authority of India for toll operations at Palayam Fee Plaza in Tamil Nadu. That agreement covers user fee collection at the plaza on National Highway 44, along the Krishnagiri-Thumbipadi section between Km 94+000 and Km 180+000. The Palayam Fee Plaza contract was awarded on a Build-Operate-Transfer basis and has a tenure of 90 days. The Krishnagiri-Thumbipadi stretch connects Bengaluru, Hosur and Dharmapuri and supports passenger and freight movement, logistics activity and toll revenue generation. Highway Infrastructure shares ended 0.53 per cent higher at Rs. 43.83 on the NSE on September 16.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Kopri-Patni Creek Bridge to Improve Thane-Navi Mumbai Connectivity

Road connectivity between Thane and Navi Mumbai is set to receive a boost with the proposed six-lane Kopri-Patni Creek Bridge, which will provide a new route across Thane Creek. The project is intended to create a direct link between the two urban centres and add capacity to the region’s road network. The bridge will connect Kopri in Thane East with Patni in Navi Mumbai. It will begin at Mith Bandar Road in Kopri, about 750 metres from Thane railway station, cross Thane Creek and land near Airoli Knowledge City Road in Navi Mumbai. The project has advanced with Akshya Infra Projects emerging..

Next Story
Infrastructure Urban

Bengaluru Cuts Unaccounted-for Water to 26.5 Per Cent

The Bengaluru Water Supply and Sewerage Board (BWSSB) has reduced unaccounted-for water from nearly 51 per cent in 2013 to 26.5 per cent in 2025, improving efficiency across a metropolitan region of 14 mn people. The reduction has saved nearly 200 mn litres of water a day without requiring equivalent additional capacity. Bengaluru depends primarily on the Cauvery river system, with water transported over 100 km to the city. BWSSB operates six major treatment plants with combined installed capacity of 2,293 MLD and supplies nearly 150 litres per person per day. The Cauvery Water Supply Scheme S..

Next Story
Infrastructure Transport

J&K Government Approves Free Public Transport for Differently-Abled

The Jammu and Kashmir Government has sanctioned free travel for differently-abled persons on public transport, fulfilling a key Budget announcement made in March. The decision was announced on Wednesday and is intended to improve access to essential transport services across the Union Territory. The facility will cover services operated by the Jammu and Kashmir Road Transport Corporation (JKRTC). It will also apply to e-buses operated by Jammu Smart City and Srinagar Smart City, extending the concession across public transport networks in the Jammu and Srinagar areas. The Office of Chief Minis..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code