On 9 July 2007, National Highways
Authority of India (NHAI) signed a concession agreement for two projects in
Karnataka on build operate & transfer (BOT) basis under National Highways
Development Project (NHDP) Phase III.
The agreement was signed for
The combined length and the total
project cost of the two stretches are 160 km and Rs.1,006 crore respectively.
The concession periods are 20 and 25 years respectively which includes 30 months
construction period.