National Highways Authority of India (NHAI) has awarded
an annuity based build operate-transfer (BOT) project
worth Rs518 crore to Patel Engineering Ltd.
is to be located on NH-7 in Andhra Pradesh under North-South
Corridor (NHDP Phase II). Patel Engineering and KNR Constructions
will jointly execute the project. The semi-annual annuity
project will generate total revenue of Rs1,597.32 crore.
NHAI project work includes design, construction, development,
finance, operation and maintenance of Islam Nagar to Kadtal
stretch of the Nagpur-Hyderabad section on NH-7 in Andhra
Pradesh under North-South Corridor (NHDP Phase II. The
work also includes approximately 32km four-laning of the
bypass out of 48km.
to Rupen Patel, managing director, Patel Engineering,
"We would focus on selective road development projects
following government''s new initiative to encourage private
sector participation in the road sector development through
BOT (Built Operate and Transfer) annuity projects."
the present deficiencies in the road network, the government
has assigned a high priority to the National Highway Development
Programme (NHDP). According to NHAI data, a total of 23,546km
of roads would be constructed in the next two year. Further,
to encourage participation of the private sector, the
department of road transport and highways has laid down
comprehensive policy guidelines for private sector participation
in the highway sector to encourage private sector participation.
It has been decided that all the sub-projects in NHDP
Phase-III to Phase-VII would be taken up on the basis
of PPP on Build Operate and Transfer (BOT) mode.
on March 31, 2007, the Company''s order book position stood
at around Rs 5,000 crore. Around 55 per cent of the orders
are from multipurpose water supply and power projects,
25 per cent from irrigation and 20 per cent in transportation
and other sectors.