+
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

Madhya Pradesh Plans Airport Every 150 Km, Airstrip Every 75 Km

The Madhya Pradesh government plans to establish an airport every 150 km, an airstrip every 75 km and a helipad every 45 km, according to the state aviation department. Airports being developed in Ujjain and Shivpuri are expected to take the state’s airport count to 10. The government stated that Madhya Pradesh currently has eight airports in eight cities. The locations named by the department include Indore, Bhopal, Jabalpur, Gwalior, Khajuraho, Rewa and Satna. The state also has more than 20 airstrips and 220 helipads, while permanent helipads are planned in all 230 Assembly constituencies..

Next Story
Infrastructure Transport

West Bengal Plans Four Airports for 2028 Completion Under UDAN

West Bengal will develop four new airports under an agreement signed between the Union Civil Aviation Ministry and the state government, with all facilities targeted for completion by 2028. Union Civil Aviation Minister K Rammohan Naidu said the airports would be located at Charra in Purulia, Kalaikunda in Paschim Medinipur, Balurghat in Dakshin Dinajpur and Hasimara in Alipurduar. The project is part of the Centre’s regional connectivity UDAN programme. The Union government has committed Rs. 290 bn for West Bengal’s aviation sector over the next decade, while the state government will pro..

Next Story
Infrastructure Transport

Mumbai Airport Bars Russian Airlines as Agent Seeks Ministry Intervention

Mumbai airport has stopped accepting cargo booked on Russian flag carrier Aeroflot, disrupting shipments and prompting the airline’s cargo sales agent, Delmos Aviation, to seek intervention from the Ministry of Civil Aviation. The restrictions also affect cargo booked on Volga-Dnepr Airlines, according to a letter submitted by Delmos Aviation to the ministry on September 30. Aeroflot operates daily flights between Moscow and Delhi and runs a winter seasonal service to Goa. Bonded cargo from Mumbai and other cities is transported by road to Delhi before being flown to Russia. The agent said t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code