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Gammon Infrastructure Projects’ arm terminates concession agreement with APRDC

11 Jul 2018 Evaluate

Gammon Infrastructure Projects’ subsidiary -- Rajahmundry Godavari Bridge (RGBL) has terminated the concession agreement in respect of its project for design, construction, finance, operation and maintenance of a 4.15 km long four-lane major bridge across river Godavari along with 1034 km of total approach roads on either side of the bridge, which connects Kovvur and Rajahmundry in the State of Andhra Pradesh on BOT basis on account of several breaches of the said concession agreement by Andhra Pradesh Road Development Corporation (APRDC).

Gammon Infrastructure Projects is an infrastructure project development company incorporated by Gammon India, to participate in the development of infrastructure projects on a public private partnership (PPP) basis.

Peers
Company Name CMP
Larsen & Toubro 3860.00
Kalpataru Projects 1447.10
NCC 137.00
Rail Vikas Nigam 210.30
KEC International 402.50
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