GMR Ambala Chandigarh Highway International Project - Dec 10, 2008

GMR Group's Ambala-Chandigarh highway project was inaugurated at Chandigarh on 10 December 2008. This 35 km stretch on NH21 & NH22 was executed on a BOT Toll model at an investment of Rs 500 crore. The concession period for this project is 20 years and it took two and a half years to complete. The project has been completed within the time schedule agreed under the concession agreement and received its provisional completion certificate on 14 November 2008.

GMR Group won this project through an international competitive bid from the NHAI in November, 2005. The scope of the project included widening of the existing 2-lanes to 4-lanes and improvement, operation and maintenance, rehabilitation and strengthening of the existing road. This project was GMR Group's first highway project in North India.

The Ambala - Chandigarh stretch has one of the highest traffic densities in the country, catering to vehicular traffic between Punjab, Haryana, Himachal Pradesh and New Delhi. Four laning of this road will ease the traffic congestion and provide a tremendous boost to trade and commerce in the region. Apart from reduction in travel time, this road is also expected to improve safety levels for travelers since it has been built as per world-class specifications. There is a 12-lane state of the art toll plaza for toll collection.The company made this announcement during the trading hours today, 10 December 2008.