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Gammon Infra | Gammon Infrastructure Projects consortium bags Rs 5.05 billian project

Posted on: July 1, 2009 at 7:46 am | 46 views




Gammon Infra | Gammon Infrastructure Projects consortium bags Rs 5.05 billian project

Gammon Infrastructure Projects, an infrastructure project development company today announced that the company in consortium with Noble Group and MMTC has been awarded a project for `Development of Deep Draught Iron Ore Berth` at Paradip in Orissa on build operate transfer (BOT) basis by the Paradip Port Trust (`PPT`).

The project envisages construction and equipping of a berth handling an annual throughput of 10 million tons. The project cost has been estimated by the PPT at Rs 5.05 billion.

The concession period of the project is 30 years, including a construction period of 3 years. The company has 31% equity stake in the special purpose vehicle implementing the project.




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