Replies to post #47380 on Videolocity International Inc (VCTY)

[glidingone]

Nice post - 8 million on just one project? That sure sounds mighty nice to me...


ASCC is building a four-lane 64.5 km section of National Highway No. 4 between Haveri and Hubli, in Karnataka. National Highway No. 4 connects Mumbai and Chennai. The project is 80% complete, and the company expects to be fully complete by the end of the year. The total value of this project is $8.7 million USD.

ASCC is one of many companies involved in building the Golden Quadrilateral, India's most important highway construction project in years. The Haveri-Hubli section is part of the final 1% of work to be done on this 5846 km (3,633 miles) superhighway connecting India's most important economic centers: Delhi, Kolkata, Chennai and Mumbai. The highway is expected to significantly boost trade, transportation, and economic development in these cities, plus the many towns and ports that now have access to central markets and main shipping harbors.