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.
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