Deals7 Jan 2025, 12:48 am
NESCO LTD Wins Tender for Developing, Operating and Maintaining Wayside Amenities on Bengaluru Chennai Expressway Corridor
AI Summary
NESCO LTD has been declared as the Highest Bidder by National Highways Logistics Management Limited for Developing, Operating and Maintaining of Wayside Amenities in South Zone on Bengaluru Chennai Expressway Corridor (Phase Il) Section on Lease Basis. The contract comprises of 3 sites and the total cost for development is estimated at ~ Rs. 75 crores for each site. The estimated annualised revenue from these sites is ~ Rs. 350 crores from year 4 of operations. The annual lease rent is Rs. 16.60 crores for 3 sites with fixed annual revision basis increase in WPI and CPI.
Key Highlights
- NESCO LTD has won a tender for Developing, Operating and Maintaining of Wayside Amenities in South Zone on Bengaluru Chennai Expressway Corridor (Phase Il) Section on Lease Basis.
- The contract comprises of 3 sites with an estimated total cost of ~ Rs. 75 crores for development.
- The estimated annualised revenue from these sites is ~ Rs. 350 crores from year 4 of operations.
- The annual lease rent is Rs. 16.60 crores for 3 sites with fixed annual revision basis increase in WPI and CPI.
- The tender was awarded by National Highways Logistics Management Limited, a 100% owned SPV of National NHAI, Under Ministry of Road Transport and Highways.