India-based MBL Infrastructures has secured a road project worth INR7.79bn ($115M) from National Highways Authority of India (NHAI).
The company will deliver the project on a design-build-finance-operate-transfer basis. The scope of the project will include six laning of green-field proposed Udaipur bypass road in Rajasthan.
During construction, 40% of the bid project cost amounting to INR3.11bn ($45.7M) will be financed by NHAI and the remaining 60% amounting to INR4.67bn ($68.7M) will be arranged by the concessionaire.
The project is expected to be operational within 15 years, starting from the commercial operation date.
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