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KMP Expressways bags BOT order worth Rs.1,800 crore

Thursday, 16 Feb 2006
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KMP Expressways, an SPV floated by DS Constructions, UK-based Apollo Enterprises and Hyderabad-based Madhucon Projects bagged an order worth Rs.1,800 crore from Haryana State Industrial Development Corporation (HASIDIC) for the construction of 135-km Kundli-Manesar-Palwal expressway project on BOT basis.

Also known as Western peripheral expressway project, the new expressway will intersect National Highways (NH)-1 near Kundli (Sonipat), NH-10 near Bahadurgarh, NH-8 at Manesar (Gurgaon) and NH-2 near Palwal (Faridabad).

Work on the project is likely to commence by February 2006 with completion scheduled for August 2009. When completed it will also provide faster access to the international and domestic airports at Delhi for cities in Haryana. The concession period for the project is 23 years and 9 months.

The new expressway will not only improve connectivity with the National Capital, but will also facilitate in developing a new economic corridor for India. It will provide high-speed connectivity to Northern Haryana with its Southern districts such as Sonipat, Jhajjar, Gurgaon and Faridabad.

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