Mumbai, Nov (EPC News): Gammon Infrastructure Projects has secured an order worth Rs850 crore from NHAI 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 concession period of the project is 15 years including the construction period of 2.5 years and the company will receive 25 semi-annual annuity of Rs94.6 crores.
By Rahul Kamat