Indian construction firm MBL Infrastructures has secured two road development projects worth INR21.3bn ($320m) from National Highways Authority of India (NHAI) in Uttarakhand and Uttar Pradesh.
NHAI awarded the projects on a DBFOT (design-build-finance-operate-transfer) hybrid annuity basis.
Construction period for both the projects is stipulated at 730 days. During construction, 40% of the bid project cost will be funded by NHAI and the remaining 60% will be arranged by the concessionaire.