Gammon Infra bags Rs 850-crore Bihar road project from NHAI

Patna: Gammon Infrastructure Projects on Friday said it has secured a Rs 850 crore project from the National Highways Authority of India (NHAI) for road upgrading work in Bihar.

“The NHAI has given the letter of award to the company for upgrading NH-47 to a four-lane from Patna to Muzaffarpur,” Gammon Infrastructure Projects said in a statement to the Bombay Stock Exchange (BSE).

The estimated cost of the project is Rs 850 crore, it said and added, that the concession period of the highway project was 15 years, including the construction period of two and a half years.

The company has been awarded this road project under the National Highways Development Project (NHDP) of the NHAI on a build, operate and transfer (annuity) basis.

Under the project, Gammon Infra would be responsible for upgrading the existing highway (NH-47) to a four-lane dual carriageway and constructing a 16.8-km bypass that will connect NH-28 of the East-West Corridor with the state, it added.

Gammon Infra bags Rs 850-crore Bihar road project from NHAI
- Hindustan Times, 21 November 2009

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