NHAI Cancels LOA Issued To GR Infraprojects: Current Affairs Question and Answers

Today’s Current Affairs: NHAI Cancels LOA for Bypass Construction Project in Belagavi City

In a recent development, the National Highways Authority of India (NHAI) has decided to cancel the Letter of Award (LOA) issued to GR Infraprojects for the construction of a 4/6 lane Bypass for Belagavi city in Karnataka. The decision was made due to administrative reasons, with no liability or claims against the LOA.

The project, which had an estimated cost of 897.37 crore in Hybrid Annuity Mode (HAM), was supposed to be completed within 730 days from the Appointed Date. Despite the cancellation of this project, GR Infraprojects has secured other projects in the region, including the Belagavi-Hungund-Raichur section of National Highway 748A.

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Question 1: Why did NHAI decide to cancel the Letter of Award issued to GR Infraprojects for the Belagavi bypass project?

• A. Financial reasons
• B. Administrative reasons
• C. Technical reasons
• D. Legal reasons

Answer: B. Administrative reasons

Question 2: What is the estimated project cost for the Belagavi bypass project in Hybrid Annuity Mode (HAM)?

• A. Rs 500 crore
• B. Rs 700 crore
• C. Rs 800 crore
• D. Rs 897.37 crore

Answer: D. Rs 897.37 crore

Question 3: How long is the completion period for the Belagavi bypass project from the Appointed Date?

• A. 365 days
• B. 500 days
• C. 730 days
• D. 1000 days

Answer: C. 730 days

Question 4: Apart from the Belagavi bypass project, which other highway project has GR Infraprojects won bids for?

• A. GR Belagavi Bengaluru
• B. GR Belagavi Mumbai
• C. GR Belagavi Raichur (Package‐5) and GR Belagavi Raichur (Package‐6)
• D. GR Belagavi Pune

Answer: C. GR Belagavi Raichur (Package‐5) and GR Belagavi Raichur (Package‐6)

What was the project awarded to GR Infraprojects by NHAI?

The project awarded to GR Infraprojects by NHAI was the construction of a 4/6 lane Bypass for Belagavi city in the State of Karnataka on HAM Mode Package 1.

Why did NHAI decide to cancel the Letter of Award (LOA) for the project?

NHAI decided to cancel the LOA for the project due to administrative reasons as informed in the letter dated 16.05.2024.

What are the details of the project that was cancelled by NHAI?

The project details include the start point at Ch. 11.00 Km (Goa side) of NH-4A near Zadshahapur Village and the end point at Ch. 516.00 Km (Pune side) of NH-4 near Bennalli Village. The estimated project cost was 897.37 crore in Hybrid Annuity Mode (HAM) with a completion period of 730 days from the Appointed Date.

Which other projects are being undertaken by GR Infraprojects?

GR Infraprojects has also bagged the GR Belagavi Raichur (Package‐5) Highway and GR Belagavi Raichur (Package‐6) projects for the Belagavi-Hungund-Raichur section of National Highway (NH) 748A at bid project costs of Rs 716.5 crore and Rs 740.8 crore respectively, which will continue despite the cancellation of the LOA for the Bypass project.

Today's current affairs bring news of the National Highways Authority of India (NHAI) canceling a Letter of Award (LOA) issued to GR Infraprojects for the construction of a 4/6 lane bypass for Belagavi city in Karnataka. The decision was made due to administrative reasons, with NHAI stating that there would be no liability or claims against the LOA. The project, spanning from the Goa side to the Pune side of NH-4, had an estimated cost of 897.37 crore in Hybrid Annuity Mode (HAM). Despite this setback, GR Infraprojects has secured other highway construction projects in the region, including the Belagavi-Raichur section of NH 748A. The company will continue its construction activities on these projects, ensuring infrastructure development in the area remains on track.