Madhucon Projects Wins NHAI Project
May 24, 2010 by admin
Madhucon Projects has won a project from the National Highway Authority of India (NHAI) for 4-laning of Chhapra-Hazipur Section of NH-19 from kilo meter (km) 143.200 to 207.200 in the state of Bihar under National Highways Development Project (NHDP) III on build-operate-transfer (Annuity) basis.
The company has received a letter of award (LoA) from the NHAI for the same.
The semi-annual annuity for the project is Rs 65.43 crore. The concession period is for 5 years including construction period of 910 days.
The company is now in the process of forming a special purpose vehicle (SPV) in the name of Chhapra-Hajipur Expressway.
Madhucon Projects, a premier infrastructure development company specialized in construction of national highways, BOT toll roads, dams, canals, aqueducts, workshops, power projects, coal mines and residential cum commercial ventures, has works on hand to the extent of Rs 5,200 crore.
Comments
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!