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Posted on Dec 21, 10:11AM | IBNS
Bangalore based infrastructure company GMR Infrastructure Limited Thursday bagged the commercial operations of the Hyderabad - Vijayawada section of National Highway 9 and the Hungund - Hospet section of National Highway 13.
With the commencement of these two projects, the GMR has now a portfolio of eight operating highways.
The two new projects are expected to generate revenue in the range of Rs. 75 to Rs 80 lakhs per day for the Hyderabad - Vijayawada section and Rs.18 to Rs 20 lakhs per day for the Hungund - Hospet section.
The Hyderabad - Vijayawada project was awarded through an international competitive bidding by National Highways Authority of India (NHAI) on a Design - Build - Finance - Operate - Transfer (DBFOT) basis with a concession period of 25 years including a construction period of 2.5 years.
The four laning of the 181.5 km stretch has been completed as per requirements and also opened for traffic.
With the completion of four laning of Hyderabad - Vijayawada section of NH-9, the distance of 260 km will be covered in less than 5 hours compared to 6 to 8 hours prior to the construction.
Six new bypasses are developed around the towns of Narketpally, Nakrekal, Kodad, Akupamula, Sher Mohammed Peta and Navabpet which aid in decongesting the towns.
The Project highway is part of the NH-9 connecting Mumbai/Pune in Maharashtra with Machilipatnam in Andhra Pradesh en-route connecting the two major economic hubs of Andhra Pradesh namely Vijayawada and Hyderabad which are witnessing multi-fold growth.
It is also a vital facilitating east-west traffic movement connecting the two segments (Mumbai - Chennai and Chennai - Kolkata) of Golden Quadrilateral.
The highway is expected to provide stimulus to the local pharma and cement industries apart from the local agricultural produce and poultry farms. The corridor shall play a vital role in the economic development of the region.
The Hungund - Hospet Highway apart from providing faster connectivity, enhances safety and fuel efficiency of vehicles.
Facilities developed as part of the project include vehicular underpass, passenger underpass, Bus shelters and truck lay-bys. Other user facilities include 24 Hour ambulance and emergency support services.
The Project highway is part of the NH-13 connecting Sholapur in Maharashtra and Mangalore in Karnataka and provides connectivity between mineral rich and highly industrialized districts of Karnataka and rest of India thus carrying heavy commercial traffic.
It also links the local industry with Mangalore and Karwar ports for export.
The highway is expected to provide stimulus to the local steel, fertilizer and chemical industries. This project boosts the tourism to Hampi, Kishkindha, Bellary Fort, Badami etc.
The corridor shall play a vital role in the economic development of the region.