PNC Infratech emerges L1 bidder for Meerut-Nazibabad section
The value of the project is Rs 1,412.0 crore
PNC Infratech has been declared as the lowest (L1) bidder for a National Highways Authority of India (NHAI) project.
The scope of work is four-laning of Meerut-Nazibabad section of NH-119 (new NH-34) (53.95 km) from design chainage 11.500 km (Meerut) to 39.250 km (Behsuma) and from 79.500 (Bijnor) km to 105.700 km (Jalalabad), in the state of Uttar Pradesh under Bharatmala Pariyojana on Hybrid Annuity Mode (HAM).
The value of the project is Rs 1,412.0 crore.
Four firms participated in the bidding and price bids were opened on 13 May 2020.
The project is to be constructed in 24 months and operated for 15 years post-construction. This is the 11th hybrid annuity highway project secured by the company so far.