For concession period of 18 years
Reliance Infrastructure (RInfra), a unit of Anil Dhirubhai Ambani Group (ADAG), led consortium has won the Jaipur - Reengus road project in Rajasthan from National Highway Authority of India (NHAI) on a BOT (toll) basis, for concession period of 18 years - including the construction period.
The project is implemented under NHAI's, National Highways Development Programme (Phase III), with an estimated project cost of Rs. 590 crore. RInfra will invest in design, engineering, finance, construction, operation and maintenance for 4/6 laning of Jaipur - Reengus Section.
Seventeen parties were initially short-listed for RFQ, out of which only two submitted the final bids. RInfra bagged the project based on the lowest grant amount of Rs. 103 crore. The 53 km long highway stretch (from km. 246.300 to km. 298.075) falls on NH-11, connecting Jaipur to Bikaner via Sikar and would be operational by March 2011. Once completed, this will facilitate the smooth ride of vehicles on Jaipur-Rengus-Sikar-Bikaner corridor.
RInfra, now has a cumulative order for more than 515 km of road project, out of which two are commercially operational. The rest are at the various stages of development. All seven road projects are expected to be operational by March 2011.
Reliance Infrastructure in the last two years has emerged as the country's largest developer of road and highway projects. Company's two road projects in Tamil Nadu i.e., Namakkal - Karur Toll Project and Dindigul - Samynalore Toll Project worth Rs. 763 crore involving construction of 96 km road length, are now commercially operational.
The company made this announcement during the trading hours today, 20 October 2009.