Hyderabad|India|April'2009: GMR Group’s Adloor-Yellareddy to Gundla-Pochanpalli Highway project (AP – 2), has commenced commercial operations with effect from 26th March, 2009. This is the Group’s third highway project in Andhra Pradesh.

This 102 km stretch on NH 7 between Adloor Yellareddy and Gundla Pochanpalli on Hyderabad – Nagpur Highway was executed on a Build Operate Transfer (Annuity) model with an investment of Rs. 700 crore. The concession period for the project is 20 years and it took two and a half years to complete it. The project was executed within the time schedule agreed under the Concession Agreement and also received its provisional completion certificate.
GMR Group had won this project through an international competitive bid from NHAI in October, 2005. The scope of the project included widening of the existing 2-lanes to 4-lanes, improvement, operation and maintenance and rehabilitation and strengthening of the existing road.

Four laning of this road will ease traffic congestion and provide a tremendous boost to trade and commerce in the region. The road has been build to world-class standards and will provide travellers a safe and fast means to commute.

The Group entered the Highways sector when the government invited bids to develop India’s highways under the Golden Quadrilateral Scheme in 2001. The Group has already completed four laning of the highways between Tuni-Anakapalli in Andhra Pradesh for a distance of 59 km; Tambaram-Tindivanam for a distance of 93 km in Tamil Nadu and Ambala-Chandigarh for a distance of 35 km and Farukhnagar-Jadcherla for a distance of 58 km in Andhra Pradesh. While the first two projects are on an annuity model, the latter two are toll based projects.
 

Reachout's News Bureau
 April' 2009