GR Infraprojects Ltd emerges as L-1 bidder for two National Highways projects in Belagavi, Karnataka on HAM mode.
GR Infraprojects Ltd has emerged as the L-1 bidder for two important highway construction projects at Belagavi in the state of Karnataka. The National Highways Authority of India invited tenders for these projects, and GR Infraprojects Ltd was selected as the most competitive bidder in the financial bid opening process on March 28th, 2023.
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GR Infraprojects Ltd Bagged Tender and Project Details:
The first project is the construction of a 4/6 lane bypass for Belagavi City, which will span from Km 11.773 (Goa side of NH-4A) to Km 46.253 (Pune side of NH-4). The total length of this project will be 34.480 km, and it will be completed in 912 days from the appointed date. The project cost for this highway construction is ₹897.37 crores, and it will be executed in Hybrid Annuity Mode.
The second project is a 4-lane highway with paved shoulders that will stretch from Design Ch. 182.300 to Design Ch. 228.500 in Belgaum Hungund Raichur Section of NH-748A (Ext. SH-20) in the state of Karnataka. This project is being executed under NH(O) on Hybrid Annuity Mode (Package-5), and its project cost is ₹716.47 crores. The construction of this highway is expected to be completed in 730 days from the appointed date.
These two highway construction projects are crucial for the state of Karnataka as they will improve the connectivity of important cities and towns in the region. The construction of the 4/6 lane bypass for Belagavi City will greatly ease traffic congestion and enhance the safety of motorists traveling through the area. It will also enable faster movement of goods and people between Goa and Pune.
|S. No||Project||Bid Project Cost in INR Crores||Mode||Completion & Operation Period|
|1.||Construction of 4/6 Lane Bypass for Belagavi City from Km 11.773 (Km. 11 Goa side of NH-4A) to Km 46.253 (Km. 516 Pune side of NH-4) (Design Length 34.480 km.) in the state of Karnataka on HAM Mode Package 1. Project Cost ₹897.37 Crores in Hybrid Annuity Mode. To be completed in 912 Days from Appointed Date.||897.37||HAM-Hybrid Annuity Mode||Completion Period: 912 days from Appointed Date.|
15 years from Commercial
|2.||4 Lane with Paved Shoulders from Design Ch. 182.300 to Design Ch. 228.500 in Belgaum Hungund Raichur Section of NH-748A (Ext. SH-20) in the State of Karnataka on Hybrid Annuity Mode (Package-5) under NH(O). Project Cost ₹716.47 Crores in Hybrid Annuity Mode (HAM).|
To be completed in 730 Days from Appointed Date.
|716.47||HAM-Hybrid Annuity Mode||Completion Period: 730 days from Appointed Date.|
Operation Period: 15 Years from Commercial Operation Date.
What is Hybrid Annuity Mode (HAM)?
The Hybrid Annuity Mode (HAM) is a public-private partnership model that is used for infrastructure projects in India. Under this model, the government will bear 40% of the project cost, while the remaining 60% will be borne by the private sector. The private sector will also be responsible for the design, construction, operation, and maintenance of the infrastructure project for a specified period. During the construction period, the private sector will receive a fixed annuity payment from the government, and after the construction is completed, the private sector will receive a variable annuity payment based on the performance of the infrastructure project.
The HAM model has been designed to reduce the financial risk for the private sector and to attract more private sector investment in infrastructure projects. It also ensures that the government retains a stake in the project, which helps to ensure that the infrastructure is well-maintained and operates efficiently.
About GR Infraprojects Ltd
GR Infraprojects is a leading infrastructure company in India, engaged in the construction of highways, bridges, and other infrastructure projects. The company has a proven track record of delivering high-quality projects within the stipulated time frame. The company’s expertise in infrastructure development is expected to benefit both the projects and the stakeholders involved.
GR Infraprojects Ltd has emerged as the lowest bidder for two tenders invited by the National Highways Authority of India. The projects involve the development of a 4/6 lane bypass for Belagavi City and a 4 lane with paved shoulders in Belgaum Hungund Raichur Section of NH-748A (Ext. SH-20) in the state of Karnataka. The projects will be developed on the Hybrid Annuity Mode, which is a public-private partnership model that is designed to attract more private sector investment in infrastructure projects. The projects are expected to benefit the stakeholders involved and contribute to the development of India’s road infrastructure.
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