Gammon Infrastructure Projects has received the letter of award (LOA) for the four laning of the Patna-Buxar stretch of NH 30 from km 0.00 to km 124.85 in the state of Bihar from the National Highways Authority of India (NHAI) on BOT (Toll) basis.
The project cost, as estimated by NHAI, is Rs 1129.11 crore. The company will receive a total grant of Rs 316 crore from NHAI during the construction and operation period of the project. The concession period of the project is 20 years, including a construction period of 2.5 years.
Recently, Gammon Infrastructure Projects' subsidiary - Mumbai Nasik Expressway, had commenced tolling for the entire stretch of the project highway with effect from August 29, 2011.
Gammon Infrastructure Projects (GIPL) 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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