4 hrs ago
GR Infra Gets Appointed Date for ₹4,263 Crore Highway
A company called GR Infraprojects will build a new highway between Agra and Gwalior.
The National Highways Authority of India has set September 7 as the project's official start date.
The highway project is worth ₹4,263 crore.
GR Infraprojects will pay for the project itself.
It will also build and look after the highway.
To recover its money, the company will collect tolls from people using the road.
This will happen for a set period.
Later, the highway will be handed back to the National Highways Authority of India.
The National Highways Authority of India declared September 7 as the appointed date for the Agra-Gwalior Greenfield Road project.
GR Infraprojects will entirely fund, construct, and maintain the highway.
The project has a reported value of ₹4,263 crore.
GR Infraprojects will recover its investment by collecting commuter tolls for a specified period.
After the toll-collection period, ownership of the highway will be transferred back to the National Highways Authority of India.
- Who
- GR Infraprojects and the National Highways Authority of India.
- What
- GR Infraprojects has received the appointed date for the ₹4,263 crore Agra-Gwalior Greenfield Road project.
- Where
- Between Agra and Gwalior.
- When
- September 7 was declared as the appointed date.
- Why
- GR Infraprojects will fund, build, and maintain the highway, recover its investment through tolls, and later transfer ownership back to the National Highways Authority of India.
Key facts
- Project
- Agra-Gwalior Greenfield Road project
- Project value
- ₹4,263 crore
- Appointed date
- September 7
- Developer
- GR Infraprojects
- Funding
- GR Infraprojects will entirely fund the project
- Revenue model
- Commuter toll collection for a specified period
- Ownership transfer
- The highway will eventually be transferred back to the National Highways Authority of India
Sources
Related news
NHAI Seeks Bids to Complete Haridwar-Nagina Highway Work
Ceigall India JVs Secure Rs 2,424 Crore Frontier Highway Orders
Ceigall India JV Wins ₹705 Crore Frontier Highway Contract
NHAI Invites Bids to Complete Kagal-Satara NH-48 Upgrade
NHAI Plans Rs 863 Crore Upgrade for Bagdogra Highway
Kharagpur-Amaravati Highway Approved, Naidu Thanks Modi and Gadkari
1.5 Lakh Sandipani Students Still Await Promised Bus Services
Madhya Pradesh Assigns 55 IAS Officers to Sewa Sankalp Campaign
Bhopal, Indore Medical Colleges Lead Madhya Pradesh MRU Research
Four, Including Two Children, Killed in Morena Truck Crash
