Ashoka Buildcon Completes Vadodara Mumbai Expressway Section: A Milestone Achievement
Introduction:
Ashoka Buildcon, a leading infrastructure development company, has reached a significant milestone in its journey with the completion of a crucial section of the Vadodara Mumbai Expressway. The successful execution of this project underscores Ashoka Buildcon’s commitment to excellence and its contribution to the enhancement of India’s transportation infrastructure.
Key Points:
- Completion Certificate Received: Ashoka Buildcon has proudly received the Completion Certificate for its Hybrid Annuity Mode (HAM) Project from the National Highways Authority of India (NHAI). The certificate, dated April 2, 2024, marks the successful completion of a vital section of the expressway.
- Project Details: The project, known as the ‘Eight Lane Vadodara Kim Expressway from Km 279.00 to Km 292.00,’ encompasses the Ankleshwar to Manubar Section of the Vadodara Mumbai Expressway in the state of Gujarat. This initiative falls under the NHDP Phase – VI and operates on a Hybrid Annuity Mode (Phase IA-Package IV).
- Milestone Achievement: With the receipt of the Completion Certificate, Ashoka Buildcon’s subsidiary, Ashoka Ankleshwar Manubar Expressway (SPV), has officially completed 11.25 kilometers of the project stretch. This achievement highlights the company’s capability in delivering high-quality infrastructure projects within stipulated timelines.
- NHAI Collaboration: The successful execution of the project underscores the collaborative efforts between Ashoka Buildcon and NHAI. By adhering to stringent quality standards and project timelines, both entities have contributed to the development of critical transportation infrastructure in the region.
- Annuity Receipts: Ashoka Ankleshwar Manubar Expressway (SPV) has been receiving annuity payments from NHAI for the completed 11.25 kilometers of the expressway. This steady revenue stream reflects the financial viability and operational success of the project.
Conclusion:
The completion of the Vadodara Mumbai Expressway section by Ashoka Buildcon signifies a significant milestone in India’s infrastructure development journey. As the country aims for enhanced connectivity and transportation efficiency, such projects play a pivotal role in driving economic growth and regional development. Ashoka Buildcon’s commitment to excellence and its successful collaboration with NHAI set a benchmark for future infrastructure endeavors, reinforcing its position as a leading player in the sector.
Frequently Asked Questions (FAQs) :
- What is the significance of the completion certificate received by Ashoka Buildcon?
- The completion certificate signifies the successful execution of a crucial section of the Vadodara Mumbai Expressway, showcasing Ashoka Buildcon’s commitment to infrastructure development.
- Which section of the expressway has been completed by Ashoka Buildcon?
- Ashoka Buildcon has completed the ‘Eight Lane Vadodara Kim Expressway from Km 279.00 to Km 292.00,’ which covers the Ankleshwar to Manubar Section of the Vadodara Mumbai Expressway in Gujarat.
- Under what mode was the project executed?
- The project was executed under the Hybrid Annuity Mode (HAM) as part of the NHDP Phase – VI, reflecting a collaborative effort between Ashoka Buildcon and the National Highways Authority of India (NHAI).
- What is the role of Ashoka Ankleshwar Manubar Expressway (SPV) in this project?
- Ashoka Ankleshwar Manubar Expressway (SPV), a subsidiary of Ashoka Buildcon, executed the project and received the completion certificate for the completed section of the expressway.
- How much of the project stretch has been completed, and what about the remaining portion?
- The SPV has completed 11.25 kilometers of the expressway, while the remaining 1.75 kilometers have been de-scoped by NHAI.
- Is Ashoka Buildcon receiving any financial benefits from the completed section?
- Yes, Ashoka Buildcon’s subsidiary, Ashoka Ankleshwar Manubar Expressway (SPV), has been receiving annuity payments from NHAI for the completed 11.25 kilometers of the expressway.
- What does this milestone signify for Ashoka Buildcon and NHAI?
- This milestone underscores the successful collaboration between Ashoka Buildcon and NHAI in delivering critical infrastructure projects. It reflects their commitment to enhancing transportation infrastructure and fostering regional development.
- Are there any future plans for Ashoka Buildcon regarding similar projects?
- Ashoka Buildcon remains committed to infrastructure development and may explore opportunities for similar projects aligned with its expertise and strategic objectives in the future.