Welspun Sattanathapuram Nagapattinam Road (WSNRPL) has signed an agreement with the National Highways Authority of India (NHAI) for a Rs20.05bn ($285m) highway project in the Indian state of Tamil Nadu.

Welspun Enterprise subsidiary WSNRPL will be responsible for converting the Sattanathapuram to Nagapattinam section of NH-45A (New NH -332) to four lanes under the concession agreement.

NH-45A passes through major towns, including Villupuram, Cuddalore, Bhuvanagiri, and Nagapattinam, with the project road situated in Tamil Nadu and Puducherry.

“WSNRPL will develop the project at a bid project cost of Rs20.04bn ($284.9m) and first year O&M cost of Rs50m ($0.71m).”

The project comes under NHDP Phase-IV and will be executed on hybrid annuity mode (HAM).

Welspun noted that the construction period is two years from the appointed date and WSNRPL has received a firm sanction letter from lenders.

Welspun Enterprise said in a regulatory filing: “WSNRPL will develop the project at a bid project cost of Rs20.04bn ($284.9m) and first year O&M (operation and maintenance) cost of Rs50m ($0.71m).”

The company emerged as the lowest bidder (L1) for an upgrade of the Sattanathapuram-Nagapattinam section of NH-45A in May. Sorry, there are no polls available at the moment.

It has developed and operates PPP projects in various sectors and has successfully completed six BOT (Toll) road projects in the highway sector.