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Nov
22
Gammon Infra bags award worth Rs 8.5 Billion
Posted on: November 22, 2009 at 1:25 pm | 87 views
Gammon Infrastructure Projects announced that the National Highways Authority of India has given the letter of award dated Nov. 18, 2009 to the company for up gradation of NH-47 from Patna to Muzaffarpur in the State of Bihar under the NHDP Phase - III on BOT (Annuity) basis.
The project involves upgrading the existing highway to a four lane dual carriageway starting from km 0.000 (Ramashish Chowk) to Km 46.300 and construction of a 16.870 Km. new bypass starting at Km 46.300 and connecting NH-28 of East-West Corridor at Km. 515.045.
The estimated cost of the project is Rs 8.5 billion. The concession period of the project is 15 years including the construction period of 2.5 years.
The company will receive 25 semi-annual annuity of Rs 946 million.
Tags:concession period, Gammon Infra, Gammon Infrastructure, Gammon Infrastructure Projects, including the construction, Patna to Muzaffarpur, State of Bihar
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