Dilip Buildcon gets LOA from NHAI for hybrid annuity mode project in Gujarat

Dilip Buildcon has secured a letter of acceptance (LOA) from the National Highways Authority of India (NHAI) for executing a hybrid annuity mode project in Gujarat under an INR 8.82 billion ($120 million).

The Bhopal-based construction engineering company will be responsible for the 50.45km long four laning of Dhrol-Bhadra Patiya sectlon of NH-151A and Bhadra Patiya-Pipaliya Section of NH-151A in Gujarat. The project, which has to be wrapped up in 24 months, will be executed via a public private partnership (PPP) on design, build, operate, and transfer basis.

The operation period of the hybrid annuity mode project will be 15 years from the COD.