RInfra develops Pune-Satara 6-lane highway

Reliance Infrastructure Limited (RInfra), a unit of Anil Dhirubhai Ambani Group (ADAG) has developed six lane road project of 140 Kms on Pune-Satara highway with the total investment of Rs 1984.77 crore, said company in a statement. The road is part of Golden Quadrilateral project.

Under the NHDP Phase V program, National Highways Authority of India, (NHAI) has awarded the project to RInfra on design, engineering, finance, construction, operation and maintenance basis for thesix-lanes of Pune-Satara road in Maharashtra. The contract entails a concession period of 24 years and the construction would be completed within 24 months. Commenting on this development, Lalit Jalan, CEO, Reliance Infrastructure, said, "Highway system in India can spur a high level of economic growth because the movement of people, goods and services depends on a sophisticated and quality highway network.”