Madhucon gets four-laning of Vijayawada and Machilipatnam highway project

The Madhucon Projects, set to receive the Letter of Acceptance from the National Highways Authority of India for the four-laning project of the 65-km stretch of NH 9 between Vijayawada and Machilipatnam at an estimated cost of Rs. 560 crore.

The tenders in this regard have been opened and Madhucon is stated to have emerged the most preferred bidder. The LoA may be issued to the company anytime in the next three months. It may take six months for Madhucon to start works once the way is cleared for it to go ahead.

In October, the Cabinet Committee on Infrastructure approved the four- laning project at a total estimated cost of Rs. 736 crore of which Rs. 30 crore was earmarked for land acquisition, rehabilitation and resettlement issues and also pre-construction. The project is to be implemented under the National Highways Development Programme phase IV-A in the build, operate and transfer mode.

Once started, the construction of the project is to be completed in a year's time as per the approval given by the Cabinet. A concession period of 20 years is given to the bidder