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Varanasi - Ranchi - Kolkata highway (Package 6)

Sector: Road • Location: India

Source: World Bank Group

Project
Active

This project entails the construction of a 6-lane greenfield Varanasi - Ranchi - Kolkata highway from Pachmon village to Anarbansalea village in the state of Bihar, India, with total length of 35.2 km. It is implemented under Hybrid Annuity Model (HAM) mode. The construction period is 2 years, while the operational is 15 years. Total investment stands at $151.23 million, of which the National Hig

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The project “Varanasi - Ranchi - Kolkata highway (Package 6)” is an infrastructure initiative in the Road sector, located in India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

This project entails the construction of a 6-lane greenfield Varanasi - Ranchi - Kolkata highway from Pachmon village to Anarbansalea village in the state of Bihar, India, with total length of 35.2 km. It is implemented under Hybrid Annuity Model (HAM) mode. The construction period is 2 years, while the operational is 15 years. Total investment stands at $151.23 million, of which the National Highways Authority of India (NHAI) pays 40% of the costs ($60.49 million) and the rest ($90.74 million) is provided by the sponsor. Project SPV is Varanasi Kolkata Highway Package 6 Private Limited, fully owned by PNC Infratech Limited. Financial close took place on December 15, 2023. https://nsearchives.nseindia.com/corporate/PNCINFRA_21122023151739_IntimationofFinancialCloseDate21122023.pdf

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