Rs520-crore NHAI contract for Nagarjuna Construction
09 Jan 2006
Has announced that the Company has secured a new order valued at Rs5200 million from
The New Delhi-based National Highways Authority of India has awarded two highway construction contracts in Uttar Pradesh to the Hyderabad-based Nagarjuna Construction Company Ltd.
Nagarjuna Construction will build the 35km stretch of the Oral-Bhognipur section on national highway.(NH) 25 and the 17.8km Bhognipur-Barah section on NH No. 2 in Uttar Pradesh.
The project will be executed on BOT (annuity) basis under joint venture, with Nagarjuna Construction's share being 64 per cent.
The concession period for the project is 17.5 years with a construction period of 2.5 years and Revenue period of 15 years. The project company will be paid 30 semi-annual annuities of Rs44.82 crore each during the revenue period.