Meerut - Bulandshahar section of NH-235

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The project envisages four laning of Meerut-Bulandshahar section of NH-235 under NHDP-IVB. Total length of the road is 61.2 km. The project is undertaken by Apco Infratech Pvt Ltd under a 15-year concession. National Highway Authority of India awarded the BROT concession after an international competitive bidding with the bid criteria being the lowest cost of construction and operation. Four competitors took place in the auction - APCO Infratech, Ashoka Buildcon, Sadbhav Infrastrcture and PNC infratech. The project falls within the scope the new hybrid annuity model which combines characteristics of EPC and BOT contract, with the government and the private companies sharing the project cost 40:60. Total investment is estimated at $130.15 million (Rs 868.8) and is being financed by debt/grant/equity in 45/40/15 ratio. Lenders have not been disclosed. Construction began on September 30, 2016 and thus taken for financial close estimated date. http://timesofindia.indiatimes.com/city/meerut/Gadkari-inaugurates-widening-of-Meerut-Bulandshahr-highway/articleshow/54591123.cms