Gammon Infrastructure Projects receives letter of award from NHAI

27 Mar 2012 Evaluate

Gammon Infrastructure Projects has received the letter of award for the rehabilitation and upgradation of Birmitrapur to Barkote section of NH-23 (211.200 km to 336.815 km) in the state of Orissa under NHDP IV on design, build, finance, operate and transfer (DBFOT) on BOT (Toll) basis.

The project cost, as estimated by NHAI, is Rs 778.15 crore. The company will receive a grant of Rs 311 crore during the construction period of the project. The concession period of the project is 23 years, including a construction period of 2.5 years.

Gammon Infrastructure Projects is an infrastructure project development company. The company is among the first companies in India to be modeled as an infrastructure developer holding company with investments spread across various sectors.

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