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Chitradurga - Davanagere Highway

Sector: Commercial • Location: India

Source: World Bank Group

Project
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The projects scope involves six laning of Chitradurga - Davanagere including Chitradurga bypass of NH-48 (old NH-4) to be executed on hybrid annuity mode (HAM), under NHDP Phase-V. The total length of the project is 72.7 kilometers including Chitradurga bypass. PNC Chitradurga Highways, a special purpose vehicle (SPV), is implementing the project on behalf of the sponsor PNC Infratech.

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The project “Chitradurga - Davanagere Highway” is an infrastructure initiative in the Commercial sector, located in India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The projects scope involves six laning of Chitradurga - Davanagere including Chitradurga bypass of NH-48 (old NH-4) to be executed on hybrid annuity mode (HAM), under NHDP Phase-V. The total length of the project is 72.7 kilometers including Chitradurga bypass. PNC Chitradurga Highways, a special purpose vehicle (SPV), is implementing the project on behalf of the sponsor PNC Infratech. The project contract was awarded to PNC Infratech following a competitive bidding process based on lowest cost of construction and operation. Concession agreement was signed on March 31, 2017 and is for a duration of 180 months (15 years), excluding construction period. Total investment cost as per concession agreement is R 993.16 crore ($154.1 million). As of January 2018, no additional financing details are available. Financial closure was reported to have reached on December 12, 2017.

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