Tracks & Towers Infratech (TTIPL) and Rail Vikas Nigam (RVNL) consortium has emerged as the lowest bidder (L1) for greenfield highway projects by the National Highways Authority of India (NHAI).
The project scope includes the construction of a six-lane greenfield Varanasi-Ranchi-Kolkata highway from Sonepurbigha village to the junction with NH-22 (Chatra Bypass) near Chatra from km 184.700 to km 222.000 of Package-8 under Jharkhand's Bharatmala Pariyojana.
The project is expected to cost Rs 1,271.99 crore. TTIPL owns 51 percent of the consortium, while RVNL owns 49 percent.
The project will be executed on a hybrid annuity mode.