On 7 May 2007, Soma Enterprise signed
an agreement with National Highways Authority of India for the Rs.460 crore
Nagpur-Hyderabad highway project in Andhra Pradesh.
Part of the North - South Corridor on
NH-7, the project has been awarded to the joint venture of Soma Enterprise and
Avinash Bhosale on BOT (Annuity) basis. The concession period for the project is
20 years (including construction).
The project envisages four-laning of
the Maharashtra-Andhra Pradesh border road in Islam Nagar from 175 km to 230 km
on NH-7 in Andhra Pradesh. The scope of work includes construction of new
flexible two-lane pavement parallel to existing carriageway, construction of new
flexible four-lane road/by-pass/detours/service road and
reconstruction/strengthening/widening of existing carriageway. Construction of
major bridges over rivers Penganga, Mandagada & Chanda, minor bridges, culverts,
underpasses, ROB and approaches and other related items of works will also be
undertaken. These work is expected to be completed within a period of 24 months.
The proposed project is the fourth
significant road project of Soma Enterprises in AP.
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Project profile