Reliance Infrastructure has been awarded Rs.4.41bn ($67.7m) engineering, procurement and construction (EPC) contract for the rehabilitation and upgrading of National Highway (NH)-66 (formerly, National Highway - 17) in India.
The contract has been awarded by the Indian Ministry of Road Transport and Highways (MoRTH).
Under the contract, Reliance Infrastructure, along with its joint venture partner Ukraine’s CAI, will be responsible for the rehabilitation and upgrading of National Highway-66 in the Kashedi Ghat section, in order to reduce several sharp bends and steep gradients.
The work includes execution of three by three lane twin tunnels of total length 3.44km.
Reliance Infrastructure EPC CEO Arun Gupta said: "This project involving twin tunnels will add to our existing credentials of executing complex projects in record time and at competitive cost.
“We will leverage our experience of execution of large infrastructure road projects."
The partners will also be responsible for the construction of highway with paved shoulders and viaducts for a length of 7.2Km.
Reliance said that the project would significantly ease the commute of Mumbai-Goa and Mumbai-Bengaluru motorists from Raigad to Ratnagiri in Maharashtra.
The project, which is commissioned under National Highway Development Programme (NHDP) - IV of the Ministry, is planned to be completed in 30 months.
Once the project is commissioned, Reliance JV will operate and maintain it for 48 months.
By FY19, Reliance Infrastructure is aiming to secure EPC contracts worth $30.72bn, and boost its position in India’s growing infrastructure sector.
Reliance Infrastructure, which is engaged in developing projects through various Special Purpose Vehicles (SPVs) in several sectors, has earlier secured contracts for three road projects from National Highways Authority of India (NHAI).
Reliance provides EPC services for developing power infrastructure and road projects.