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PNC Infratech inks ₹14,458 cr road project pact

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PNC Infratech inks ₹14,458 cr road project pact

Through its SPV, PNC Infratech has obtained a contract for the four-laning of the NH-29E segment between Sonauli and Gorakhpur. The 79.54 kilometre project would be completed in Uttar Pradesh at a cost of 14,458 crore using a hybrid annuity model. Following the announcement of the designated date, it is anticipated to be finished within 24 months, and it will continue to be used for 15 years after completion.

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