Welspun Enterprises Bags Six-laning Project From NHAI
Welspun Enterprises Ltd. received a Letter of Award (LOA) from NHAI for six-laning of Aunta-Simaria (Ganga Bridge with approach roads) section of NH-31 in Bihar on Hybrid Annuity Model (HAM).
The company will develop the project stretch of 8.15 km at a bid project cost of INR 11610 million, and shall receive INR 99 million/year (adjusted for inflation) as O&M (Operation and Maintenance) payments along with the annuity and interest thereon from the NHAI for a period of 15 years post- construction.
With the award of this project, the company said it has built a portfolio of four HAM projects totaling INR 41290 million. The construction of the first HAM project, namely Delhi-Meerut Expressway (Package I), is in full swing and has achieved physical progress of approximately 60 per cent within 9 months of commencement.
- Issued By:NATIONAL HIGHWAYS AUTHORITY OF INDIA
- Bagged By:
- Region:Eastern India
- Value:INR 11610 Million
- Published On:2017-08-31