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Ashoka Buildcon Limited has informed the declaration of the Commercial Operations Date (CoD) for its Hybrid Annuity Mode Project with the National Highways Authority of India (NHAI). This project involves the Four Laning of the Tumkur – Shivamogga section of NH-206 in Karnataka. The CoD was officially confirmed by the Independent Engineer on October 18, 2023. Following this declaration, the project’s Special Purpose Vehicle (SPV), Ashoka Banwara Bettadahalli Road Private Limited, a wholly-owned subsidiary of Ashoka Concessions Limited (a subsidiary of Ashoka Buildcon), is now eligible to receive Annuity payments from NHAI. These payments will be disbursed over a 15-year operational period at six-month intervals, starting from the CoD date of October 17, 2023.
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Note: Note: The above-mentioned news was first published by us in our ProjectX India | 15th November 2023 edition.. To get this issue or our latest issue with full contact details, you can buy this issue by clicking here…
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