The project, which was bid on September 2, 2024, has been awarded to the lowest evaluated bidder who quoted a price of Rs 206,88,13,211. The project is designed to alleviate traffic congestion, promote economic development, and enhance Assam's potential as a leading investment destination.

Following the award, the successful bidder has been instructed to acknowledge the Letter of Award (LOA) and sign the contract agreement within the specified timeline. In addition, the bidder is required to provide a performance security of Rs 60.2 million, along with an additional performance security of the same amount, within 30 days of receiving the LOA.

This project is set to be a significant milestone in the on-going infrastructure development in Assam, reinforcing the state’s strategic role in contributing to the nation’s growth and development.

News source: The Sentinnel