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HIMACHAL PRADESH ROAD &
OTHER INFRASTRUCTURE
DEVELOPMENT CORPORATION
LTD.
(Government of
Himachal Pradesh Undertaking)
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Purpose of HPRIDC Himachal Pradesh Road & Other Infrastructure Development Corporation Limited, a wholly owned Company of Government of Himachal Pradesh was incorporated on 10.06.1999 under the Companies Act, 1956, with the main objective of developing Roads, Bridges & other infrastructure in the State of Himachal Pradesh. OBJECTIVES AND ACTIVITIES: HPRIDC is an apex organization in Himachal Pradesh engaged in fostering the growth of infrastructure development in the State. The objects for which the Corporation is established are:- 1. To construct erect build, re-model, execute, repair, develop, improve, administer, manage, control, maintain, demolish, grade, curve, pave, macadamize, cement, Highways, Expressways, Roads, Paths, Streets, Bridges, Sideways, Bypasses, Tunnels, Pavements, Reclamation, Improvements, Road over Bridges, Road under Bridges, Underground Road, or any other structural or architectural work and also to do other similar construction, leveling or paving work at present being a part of the activity of the Himachal Pradesh Public Works Department on Build Operate and Transfer (BOT) or Build Own Operate and Transfer (BOOT) or Build Operate Lease and Transfer (BOLT) basis/ or any other schemes in a manner which facilitate to undertake the above mentioned works. 2. To facilitate and or undertake to construct, erect, build, renovate, develop, improve, manage, control maintain other infrastructure projects including those related to Power, Telecom Information and Technology, Transmission of Electricity, Water Supply Projects, Irrigation Projects, Sanitation and Sewerage System, Housing, Building, education, Hospitals, Tourism, Transport, Aviation, Ropeways, Rail System, Mining etc. or any other notified public facilities of similar nature on Build Operate and Transfer (BOT), Build Own Operate Transfer (BOOT), Build Operate Lease and Transfer (BOLT) basis / or any other scheme in a manner which will facilitate to undertake the above mentioned works in the State of Himachal Pradesh and other places. 3. To act as a special purpose vehicle for resource mobilization on behalf of the State Government for all infrastructures projects and also discharge obligations on this account on behalf of the State Government from revenue other receipts accruing to the State Government from such projects. |