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In Uttar Pradesh, from the end of the Hardoi bypass to the Hardoi district of NH-731 end, PNC Infratech has announced the signing of a concession agreement with the National Highways Authority of India (NHAI) for a HAM project worth 864 crore. This project involves upgrading the existing road to four lanes with paved shoulders. Following the announcement of the appointed date, the highway is to be built in 30 months and has a 15-year operating window after construction is complete.
PNC Infratech is a reputable company with a national reputation that specialises in building infrastructure, including roads, airport runways, bridges, flyovers, and power transmission projects. NHAI and Hardoi Highways, a special purpose vehicle formed by the business to carry out the project, signed the agreement.
PNC Infratech Limited, a leading infrastructure development company in India, has secured a significant road project valued at ₹864 crore from the National Highways Authority of India (NHAI). This project involves the improvement and upgradation of a 54.429 km stretch of National Highway 731 (NH-731) in Uttar Pradesh, transforming it into a four-lane highway with paved shoulders. The work is scheduled to commence promptly, with a construction timeline of 30 months, followed by a 15-year operational period.
Paved Shoulders: Incorporating paved shoulders to facilitate emergency stops and enhance the overall safety of the highway.
Drainage Systems: Implementing effective drainage solutions to prevent waterlogging and maintain road integrity during monsoon seasons.
Signage and Safety Features: Installing modern signage, lighting, and other safety measures to ensure smooth and secure travel for commuters.
The project is being executed under the Hybrid Annuity Model (HAM), a financing mechanism that combines elements of both the Engineering, Procurement, and Construction (EPC) model and the Build-Operate-Transfer (BOT) model. Under HAM, the developer receives a portion of the project cost during construction and the remaining amount in the form of annuity payments over a specified period after the construction is completed.
Significance of the Project
This road project holds substantial importance for the region due to several factors:
- Enhanced Connectivity: The upgraded highway will improve connectivity between key towns and districts in Uttar Pradesh, facilitating smoother transportation of goods and passengers.
- Economic Growth: Improved infrastructure is expected to stimulate economic activities in the region by attracting investments and promoting trade.
- Safety Improvements: The addition of paved shoulders and modern safety features will reduce the risk of accidents, contributing to safer travel for commuters.
- Employment Opportunities: The construction and operational phases of the project are anticipated to generate employment opportunities, benefiting the local workforce.
PNC Infratech’s Role and Expertise
PNC Infratech has a proven track record in executing large-scale infrastructure projects across India. The company’s expertise spans various sectors, including roads, highways, and urban infrastructure. Notably, PNC Infratech was involved in the construction of the Agra–Lucknow Expressway, one of India’s longest expressways, which significantly reduced travel time between Agra and Lucknow.
The company’s experience in handling complex projects and its commitment to quality and timely delivery make it well-suited to undertake this road development project.
The ₹864 crore road project awarded to PNC Infratech by NHAI represents a significant advancement in India’s infrastructure development efforts. The project’s focus on enhancing road quality, safety, and connectivity aligns with the government’s objectives to improve transportation networks and stimulate economic growth. With PNC Infratech’s expertise and the strategic importance of the project, it is poised to make a substantial contribution to the region’s development and the broader national infrastructure landscape.
Group Media Publication
Construction, Infrastructure and Mining
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