Katni Bypass Road project handed back to the authority
ROADS & HIGHWAYS

Katni Bypass Road project handed back to the authority

Ashoka-DSC Katni Bypass Road (SPV) is implementing the project to carry on the business of building, erection, construction, developing, maintaining and operation of the infrastructure project of roads and bridges of Katni Bypass on NH 7 from 361/2 km to 378/6 km around Katni town in Madhya Pradesh in India on BOT basis or any other basis as per various rules and regulations on behalf of MORTH and State PWD.

The SPV has handed over the project back to the Authority on 18 August 2022 at 00.00 hours at midnight, after the expiry of the concession period successfully as per the terms of the concession agreement and as per the claims awarded by Arbitral Tribunal and interim Orders of High Court of Delhi.

The toll income of the same is not recognised as revenue since the matter is sub judice from 17 September 2014. The SPV will continue to pursue its pending claims of the project with the Authority through conciliation mode for settlement.

Ashoka-DSC Katni Bypass Road (SPV) is implementing the project to carry on the business of building, erection, construction, developing, maintaining and operation of the infrastructure project of roads and bridges of Katni Bypass on NH 7 from 361/2 km to 378/6 km around Katni town in Madhya Pradesh in India on BOT basis or any other basis as per various rules and regulations on behalf of MORTH and State PWD. The SPV has handed over the project back to the Authority on 18 August 2022 at 00.00 hours at midnight, after the expiry of the concession period successfully as per the terms of the concession agreement and as per the claims awarded by Arbitral Tribunal and interim Orders of High Court of Delhi. The toll income of the same is not recognised as revenue since the matter is sub judice from 17 September 2014. The SPV will continue to pursue its pending claims of the project with the Authority through conciliation mode for settlement.

Next Story
Infrastructure Transport

Gurgaon-Pataudi-Rewari Highway Set for Completion by December 2025

The National Highways Authority of India (NHAI) has set a new target to complete the four-lane Gurgaon-Pataudi-Rewari highway by December 2025, following a two-year delay.Originally planned in 2018 to upgrade the two-lane state highway into a national highway, the project is estimated to cost Rs 9 billion. Construction, which began in 2021, was initially scheduled for completion in November 2023. According to NHAI, around 70 per cent of the work is already complete, with two major structures still pending: a railway overbridge at Pahari village and a two-lane unidirectional flyover on Dwarka E..

Next Story
Infrastructure Transport

UP Plans Rs 900 Million Extensions to Hindon Elevated Road

The Uttar Pradesh state bridge corporation has prepared the detailed project report and cost estimates for two proposed extensions of the 10.3-km Hindon elevated road, officials said on Thursday. The road connects Raj Nagar Extension to UP-Gate near the east Delhi border, and the project is expected to cost around Rs 900 million.The two extensions, each 400 metres long, will be added to the existing elevated road to ensure smoother traffic flow. “One of the extensions will be from near the Kanawani culvert (near Indirapuram) to the elevated road for commuters heading towards Delhi. The other..

Next Story
Infrastructure Urban

Goa Likely to Miss October Deadline for Maritime Master Plan

Goa is expected to miss the October 31 deadline for submitting its maritime and waterways master plan, which covers the state’s 105 km coastline and river network. The delay is due to the project management consultant not yet being appointed. The plan is now anticipated to be completed by December, Captain of Ports Octavio Rodrigues stated at the India Maritime Week 2025 roadshow.“We have already selected the consultant and will bring them on board within a week. Only then can we begin drafting the master plan, which is essential to secure central government funding,” Rodrigues added.A c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?