New Delhi, Apr 14 (PTI) Dilip Buildcon today said its subsidiary has executed a concession agreement with the National Highways Authority of India to undertake the six laning of Anandapuram-Pendurthi Anakapalli section of NH-5 (new NH-16) in Andhra Pradesh under Bharatmala Pariyojana.

The bid cost of the NHAI project is Rs 1,959 crore and it will be executed in the hybrid annuity mode by DBL Anandapuram Anakapalli Highways Private Limited, a wholly owned subsidiary of Dilip Buildcon.

In a regulatory filing, Dilip Buildcon said the construction period for the project will be 30 months and a total 50.8 kms will be covered.

This is published unedited from the PTI feed.