Ashoka Buildcon updates on LoA received by its JV with Ashoka Concessions

For collection of user fee at Kognoli Toll Plaza from NHAI

Ashoka Buildcon announced that the Company in joint venture with Ashoka Concessions (ABL-ACL Consortium) has received Letter of Acceptance (LoA) for the Project viz. Collection of User Fee Through Fee Collecting Agency on the Basis of Competitive Bidding at Kognoli Toll Plaza located at Km 591.240 for the section from Maharashtra Border - Belgaum (Km. 537.000 to Km. 592.240) of NH - 4 in the State of Karnataka from National Highways Authority of India (NHAI).

The estimated value of the Contract is Rs. 38.14 crore. The Consortium has been engaged by NHAI to collect user fee for a period of one (1) year.

 

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