en.Wedoany.com Reported - India's RKCPL Limited received a Letter of Intent from the Ministry of Road Transport and Highways on March 31, 2026, securing the contract for the four-lane highway project from Boma to Old Goa in Goa, valued at 5.45 billion rupees. The Ministry of Road Transport and Highways tendered for this highway project in September 2025.

The highway project involves the four-laning of the NH-748 highway from km 135.05 to km 142.05, implemented under the Hybrid Annuity Model, and falls under the NH(O) framework for highway projects. The approved cost for this highway project is 10.6021 billion rupees.

According to publicly available information, the Hybrid Annuity Model is a Public-Private Partnership delivery method for highways in India, where the government bears 40% of the construction cost, and the remaining 60% is paid in installments as annuities. NH-748 is a National Highway in the Indian state of Goa.

RKCPL is an Indian infrastructure contractor. The construction period and completion date for this highway project have not been disclosed.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com