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The four-laning of Belgaum-Khanapur section of about 30 km has been awarded to Ashoka Concessions on Hybrid Annuity Mode at a cost of Rs 892.16 crore, it said.
Besides, two-laning of about 52 km of the highway on Karnataka/Goa border has been awarded to Dilip Buildcon on engineering, procurement and construction (EPC) mode at a cost of Rs 503.22 crore.
The projects involve construction of two major and six minor bridges and five railway-over-bridges (ROBs), for free movement of traffic in major crossroads and reduce conflicts. Two bypasses have also been proposed for the stretch.
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The concession period of the projects is 17.5 years, including construction period of 2.5 years.