Jhansi - Khajuraho section of NH 75/76 (package II)

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The project envisages four laning of Jhansi-Khajuraho section of NH-75/76 from 76.3 km near village Chhatipahari to 161.7 km near Bamitha town in Uttar Pradesh and Madhya Pradesh under NHDP-III. The project will be executed by PNC Khajuraho Highways Private Limited, a wholly owned subsidiary of PNC Infratech. The contract was awarded following a competitive bidding process held in March 2017. In the contest, PNC Infratech has emerged as the lowest bidder for Rs 1,310 ($202.4 million) road project. Since the project is on hybrid annuity mode, the criteria for winning the rights to rehabilitate the road was the lowest bid at NPV for the construction and operation of the road. Six firms participated in the bidding process. This is a brownfield project being developed under a BROT modality, with a concession period of 15 years, excluding 2.5 years of construction works. This project falls under the new Hybrid Annuity model, which is a mix of engineering, procurement and construction (EPC) and build operate transfer (BOT) system. As of December, no further financial details are available. Financial closure and appointed date was reported to have reached on 2nd November 2017.