GMR Infrastructure has commenced partial toll collection on Hungund-Hospet road. Toll collection has started at two out of three toll plazas of the project, said a company release. The company is executing the four-laning road project of Hungund-Hospet section of NH-13 on toll basis under NHDP – Phase III.
GMR OSE Hungund Hospet Highways, a subsidiary of GMR Infrastructure, is collecting the partial toll because of partial completion of the project ahead of schedule. According to Arun Kumar Sharma, CEO, GMR Highways the Hungund-Hospet project is the company’s first project in Karnataka and toll collection was delayed due to NHAI’s delay in toll notification.
Sharma added that the Karnataka project is a build, operate and transfer (BOT) toll project with a concession period of 19 years (which includes the construction time of 30 months).
The project cost is Rs 1,650 crore and the company is involved in design, construction, development, finance and of this 99.05 km stretch on NH 13. The company won the project through an international competitive bid from the National Highways Authority of India, this project is being developed by the consortium of GMR Group and Oriental Structural Engineers.
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