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Completed Projects
- North Karnataka Expressway (Belgaum Maharashtra Border Road)
This project involved the development of four lanes with service roads on both sides aggregating to approximately 472 Lane kms in length between Belgaum in the State of Karnataka up to Maharashtra Border. The concession for this project was awarded to us by the NHAI on a BOT (Annuity) basis for a period of 17.5 years (including a construction period of two and a half years), which commenced in June 2002 and will end in December 2019. We completed the construction of this project and commenced its commercial operations in July 2004.
- West Gujarat Expressway (Jetpur Rajkot Gondal Road)
This project involved the widening of the existing Jetpur–Gondal road from two lanes to four lanes, the improvement of the existing four lanes between Gondal and Rajkot, the widening of the existing Rajkot bypass from two lanes to four lanes on the National Highway 8 B and construction of side roads, with an aggregate length of approximately 389 Lane kms in the State of Gujarat. The concession for this project was awarded to us by the NHAI on a BOT (Toll) basis for a period of 20 years (including a construction period of two and a half years), which commenced in September 2005 and will end in September 2025. We completed the construction of this project and commenced its commercial operations in March 2008.
- NOIDA Toll Bridge
This project involved the development of a toll bridge and approach roads with approximately 60 Lane kms connecting Delhi to NOIDA in the State of Uttar Pradesh. The concession for this project was awarded to our Promoter by the New Okhla Industrial Development Authority (“NOIDA”) on a BOT (Toll) basis for a period of 30 years (including a construction period of two and a half years) which commenced in December 30, 1998. We completed the construction of this project and commenced its commercial operations in February 2001. Pursuant to the terms of the concession, the concession period will be subject to extension beyond 30 years until the total project cost and agreed returns thereon have been recovered.
- Gujarat Toll Roads
- Vadodara - Halol Road
This project involved the development of an approximately 190 Lane kms on State Highway No. 87 from Vadodara to Halol in the State of Gujarat. The concession for this project was awarded to our Promoter by the Government of Gujarat on a BOOT (Toll) basis, which commenced from the date of signing of Concession Agreement i.e. October, 1998 and shall extend till a period of 30 years from the operations date i.e. October 2000. The construction period for the project was one and a half years. Pursuant to the terms of the concession, upon completion of the 30 years period, the concession period is further extendable for two year periods until the total project cost and agreed returns thereon have been recovered. We completed the construction of this project and commenced its commercial operations in October 2000. This project was designated by the World Bank as a best practices example for its environment risk mitigation and social rehabilitation plan.
- Ahmedabad - Mehsana Road
This project involved the development of an approximately 333 Lane km section of State Highway Numbers 41 and 133 from Ahmedabad to Mehsana in the State of Gujarat. The concession for this project was awarded to our promoter by the Government of Gujarat on a BOOT (Toll) basis, which commenced from the date of Concession Agreement i.e. May, 1999 and shall extend till for a period of 30 years from the operations date i.e. February 2003. The construction period for the project was 33 months. Pursuant to the terms of the concession, upon completion of the 30 years period, the concession period is further extendable two year periods of two years until the total project cost and agreed returns thereon have been recovered. We completed the construction of this project and commenced its commercial operations in February 2003.
- Nagpur City Bus Project
This project includes the mobilization, operation and maintenance of the Nagpur city bus services in the city of Nagpur on BOO basis. The concession for this project was awarded by Nagpur Municipal Corporation to Vansh Nimay Infra Projects Limited for a period of 10 years (and renewable for another 5 years), which commenced in February 2007 and will end in February 2017 unless renewed. Our Company acquired a stake of 80% in this company. Under this project we introduced a mix of small and standard buses with an objective to enhance transport penetration and reach in the city of Nagpur. We derive revenue from this project primarily through receipts from sales of bus tickets.
- Thiruvananthapuram City Roads (Phase I)
We are developing roads with an aggregate length of approximately
158 Lane kms in Thiruvananthapuram city in the State of
Kerala in three phases — Phase I, Phase II and Phase III.
We completed Phase I in November 2006, which included
the development of approximately 51 Lane kms. The concession
for this project was awarded to us by the Kerala Road
Fund Board on a BOT (Annuity) basis for a period of 17.5
years (including an initial construction period of two
and a half years) which commenced in May 2004 and will
end in September 2024 for Phase I.
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