Gammon Infrastructure signs Concession Agreement with AP govt

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New Delhi, Nov 6 (UNI) Gammon Infrastructure Projects Ltd today said its special purpose vehicle Rajahmundry Godavari Bridge Ltd has signed a Concession Agreement with the Andhra Pradesh government for constructing and maintaining a bridge across the river Godavari for a period of 25 years.

The company has estimated the total cost to complete the project at Rs 800 crore, it said in a statement.

Gammon will receive a total grant of Rs 207.55 crore from the Central and State Government during the construction and operation period of the project, it added.

The company had got the letter of allotment for constructing, financing and maintaining, on build, operate and transfer (BOT) basis, a major bridge across the river Godavari connecting Rajahmundry and Kovvur.

UNI SBA RK1258

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