GR Infraprojects, an infrastructure company, has won a significant bid from the Ministry of Road Transport and Highways for a project valued at Rs 737.2 crore ($99.7m). The project involves four-laning National Highway-233, which spans 63.83 km in Uttar Pradesh, linking Sultanpur to Kaushambi. GR Infraprojects will undertake the project on a hybrid annuity model basis with a concession period of 15 years and construction period of 2.5 years.
This marks a significant milestone for GR Infraprojects as it continues to expand its footprint in highways and construction sectors. The company’s expertise in delivering large-scale infrastructure projects will be instrumental in ensuring the timely and cost-effective completion of this project. Not only will this initiative improve connectivity between Sultanpur and Kaushambi while reducing travel time, but it also holds the potential to create job opportunities and drive economic growth in the region.