GMR OSE Hungund Hospet Highways Pvt. Ltd. Project Commences Collection At Toll Plaza
Bangalore: 19th May, 2014:
GMR Infrastructure Limited is pleased to inform the achievement of commercial operation of the balance highway of 15 kms of Hungund – Hospet road project on National Highway 13. This marks the commencement of collection of toll at Toll Plaza 3; the project has earlier achieved commercial operation of two Toll Plazas during November 2012 and has now completed the balance highway after land clearances.
The project commenced collection of Toll at Toll Plaza 3 w.e.f. 14.05.14 and it is expected to generate additional revenue of about Rs. 10 lakhs per day.
Project features and Benefits (Hungund - Hospet Highway)
The Hungud Hospet highway is part of NH-13 connecting Sholapur in Maharashtra and Mangalore in Karnataka and provides connectivity between the mineral rich and highly industrialized districts of Karnataka and the rest of India Completion of the balance project will ease traffic congestion on this stretch of 15 kms with six lanes, which largely caters to heavy commercial traffic carrying iron ore. Further, twin tunnels of 300 mts have been constructed and a major interchange across the railway line has been created to reduce travelling time. Apart from providing faster connectivity, the highway will also enhance safety and fuel efficiency of vehicles. Facilities developed as a part of the project include vehicular underpass, passenger underpass, Bus shelters and truck lay-bys. The other user facilities include 24 Hour ambulance and emergency support services.
Mr. B.V.N Rao, Business Chairman, Urban Infra & Highways of GMR Group, expressed: "The Project Highway caters to the iron ore mining heavy commercial traffic from Bellary region and also links the local industry with Mangalore and Karwar ports for export. The completion of the project is expected to provide stimulus to the local steel, fertilizer and chemical industries. This project will also boost the tourism to Hampi, Kishkindha, Bellary Fort Badami etc. The corridor shall play a vital role in the economic development of the region"
About GMR Infrastructure Ltd:
GMR Infrastructure Ltd is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets. The Company has 15 power generation assets of which 8 are operational and 7 are under various stages of development. In the Highways sector the Group is operating 8 Road assets across the country. In the Airports sector, the Company operates India’s busiest airport, the Indira Gandhi International Airport in New Delhi, where it has built a brand new integrated terminal T3. It has also developed and commissioned the Greenfield international airport at Hyderabad as a gateway to south and central India. The Group has been recently awarded the Mactan-Cebu International Airport project in the Philippines for rehabilitation, expansion and operation with a concession period of 25 years. GMR Group is also committed to social development initiatives and executes these through its Corporate Social Responsibility arm, the GMR Varalakshmi Foundation which is present in 24 locations.
For further information about GMR Group, visit www.gmrgroup.in
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