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4/6-laning of the Narnaul Bypass crossing to Paniyala section of National Highway 148B (NH-148B)

Sector: Road • Location: India

Source: World Bank Group

Project
Active

The project involves the development, construction and operation of 45.3KM 4/6-laning of the Narnaul Bypass crossing to Paniyala section of National Highway 148B (NH-148B) (at NH-48 junction), the Nizampur Link Road & Narnaul Bypass crossing to Pacheri Kalan on NH-11 in the state of Haryana under Bharatmala Pariyojana, India, on Hybrid Annuity Mode (HAM) basis. Sponsor is Gawar Construction Ltd.

Status
Prospective
Sector
Road, Commercial, Government
Location
India
Updated
22 Jul 2026
Source
World Bank Group

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The project “4/6-laning of the Narnaul Bypass crossing to Paniyala section of National Highway 148B (NH-148B)” is an infrastructure initiative in the Road sector, located in India. Taiyo aggregates data on it from World Bank Group.

Participants

Sponsoring Agency

Status

Original status

active

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

The project involves the development, construction and operation of 45.3KM 4/6-laning of the Narnaul Bypass crossing to Paniyala section of National Highway 148B (NH-148B) (at NH-48 junction), the Nizampur Link Road & Narnaul Bypass crossing to Pacheri Kalan on NH-11 in the state of Haryana under Bharatmala Pariyojana, India, on Hybrid Annuity Mode (HAM) basis. Sponsor is Gawar Construction Ltd. The project cost is INR 5.5 billion ($79.5 million). Debt to equity ratio is 78:22. INR 4.27 billion ($62 million) in debt is provided by Axis Bank Ltd with the rest being equity contributions in the amount of INR 1.208 billion ($17.5 million). Financial close was achieved on 24 July 2019. Construction is expected to start in July 2019, and last until the end of March 2022.

Original sector

Transport

Budget

Location

Country

India

Source

Source

World Bank Group

URL

More Details

Record type

Project

Sector

Road, Commercial, Government

Article published date

2024-09-27

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