Deals11 Mar 2025, 10:32 pm
Rail Vikas Nigam Ltd Emerges as Lowest Bidder for Construction of 6-Lane Access Controlled Connectivity to Visakhapatnam Port Road
AI Summary
Rail Vikas Nigam Limited (RVNL), a Government of India Enterprise under Ministry of Railways, has emerged as the Lowest Bidder (L1) from National Highway Authority of India (NHAI) for the construction of 6-lane access controlled connectivity to Visakhapatnam Port Road. The project, valued at Rs. 554,64,00,000 (Rupees Five Hundred Fifty Four Crore Sixty Four Lakh Only), is to be executed in 730 days under NH(O) on Hybrid Annuity Mode in the State of Andhra Pradesh.
Key Highlights
- RVNL emerges as the Lowest Bidder (L1) for the construction of 6-lane access controlled connectivity to Visakhapatnam Port Road.
- The project is valued at Rs. 554,64,00,000 (Rupees Five Hundred Fifty Four Crore Sixty Four Lakh Only).
- The project is to be executed in 730 days under NH(O) on Hybrid Annuity Mode in the State of Andhra Pradesh.
- RVNL is a Government of India Enterprise under Ministry of Railways.
- The project was awarded by National Highway Authority of India.