MP interstate road on BOT by 09
PM News Bureau
The Madhya Pradesh Road Development Corporation has awarded
construction work of interstate road Chandpur-Alirajpur-Kushi-Badwani passing
through Madhya Pradesh, measuring nearly 100 km connecting Maharashtra to
Gujarat, to K.T. Developers Pvt. Ltd, Indore, on BOT basis.
The project, entailing Rs 63.2 crore, is expected to complete by January 2009.
MPRDC has prepared a project report keeping in view the requirements for the
next 25 years. The corporation has contributed Rs 24.11 crore whereas the Centre
and the state have granted Rs 12.64 crore and Rs 11.56 crore respectively.
Private investors can recover their capital and profit by levying toll tax
during the concession period of 25 years.
[16 July 2007]