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Update on signing of Concession Agreement with National Highways Authority of India for Four Laning of Jorabat–Shillong (Barapani) Section in the State of Assam & Meghalaya
The consortium comprising of 50:50 Joint Venture between the Company
and Ramky Infrastructure Limited had been issued a Letter of Award
dated May 20, 2010 by the National Highways Authority of India ("NHAI")
for Four Laning of Jorabat – Shillong (Barapani) Section of
NH-40 from Km 0.000 to Km 61.800 in the State of Assam & Meghalaya
on Design, Build, Finance, Operate and Transfer (DBFOT) pattern
under Special Accelerated Road Development Programme – North
East (SARDP – NE) (the "Project"). The Project is
on Annuity basis with a concession period of 20 years including
construction period of 3 years. The estimated cost of the Project
is Rs. 536 Crores and the semi-annual Annuity for the Project is
Rs. 72.51 Crores
We are pleased to inform you that today; the Concession Agreement
for the captioned Project was signed between NHAI and Jorabat
Shillong Expressway Limited, the Special Purpose Vehicle incorporated
by the Company for undertaking the Project. |
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