Annual Report 2006-2007 - Gammon India

14
O u r P r e s e n c e i n
P u b l i c P r i v a t e
P a r t n e r s h i p P r o j e c t s
Rajahmundry Expressway Ltd.
53 Km. road stretch connecting
Rajahmundry to Dharmavaram.
Client-National Highways Authority of India
Annuity road project with Total project cost
of Rs. 256 crores.
Concession period-17.5 years with 2.5 years
of construction.
Commercial Operations started from
September 20, 2004, 70 days ahead of
schedule.
Project SPV already in receipt of fifth annuity.
Vizag Seaport Private Ltd.
Two multipurpose berths (EQ-8 & EQ-9) at the port of
Visakhapatnam
Client- Visakhapatnam Port Trust
Berths designed for fully mechanized integrated cargo
handling systems capable of handling upto 7 MTPA
Total project cost of Rs 325 crores.
License period of 30 years.
Commercial operations started
Project SPV has a “Take or Pay” agreement with SAIL
for upto 3 MTPA.
Successfully completed 3 years of commercial
operations