New Delhi, April 3 -- The National Highways Authority of India (NHAI) has signed a concession agreement with Dineshchandra R Agrawal Infracon Pvt. Ltd for the development of the 121 km long Guwahati Ring Road.

The Ministry of Road Transport and Highways said in a statement on Wednesday that the ring road in Guwahati will be developed at a total cost of Rs 5,729 crore on Build Operate Toll (BOT) Mode with zero grant.

The concession period of the contract is 30 years, including a construction period of four years.

The Assam government will bear 50 percent of the land cost, provide exemption from royalty on aggregates, and contribute about Rs 1,270 crore to the state portion of GST. Thus, the gross project cost is about Rs 7,000 crore.

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