Reliance Energy (REL) on Thursday said its special purpose vehicles?SU tollways pvt limited, TU tollways pvt limited and TK tollways pvt limited?have bagged projects to build three national highways from the National Highways Authority of India (NHAI), entailing an investment worth Rs 2,320 crore.
The projects awarded include high-traffic density corridor from Salem to Ulundurpet, Trichy to Dindigul and Trichy to Karur. The latter two projects awarded are contiguous to the already awarded REL projects namely Dindigul to Samyanallore and Namakkal to Karur in Tamil Nadu.
The total investments include grant component of Rs 758 crore on a build, operate and transfer (BOT) basis under the direct tolling method scheduled for completion by 2010, an REL statement said.
The concession agreements for 25-year and 30-year period projects were signed by Sudhir R Hoshing, vice president (road projects), Reliance Energy and Rajesh Poonia, general manager, NHAI.