Guwahati, April 4 -- The Ministry of Road Transport and Highways on Thursday announced thatthe National Highways Authority of India (NHAI) has signed a concession agreement with M/s Dineshchandra R Agrawal Infracon Pvt. Ltd. for the development of the 121 km long Guwahati Ring Road.

The agreement was signed in the presence of NHAI Chairman Santosh Kumar Yadav and senior officials of NHAI, said in a statement.

The project, to develop at a cost of Rs. 5,729 crore under the Build Operate Toll (BOT) mode with zero grant, will have a concession period of 30 years, including a construction period of four years, the release stated.

To support the project, the Assam State Government has agreed to bear 50% of the land cost, provide exemption fr...