Annual Report 2006-2007 - Gammon India

GAMMON INDIA LIMITED
c. Dharmavaram – Tuni Annuity Road Project
A Special Purpose Vehicle ‘Andhra Expressway Limited’ has been set up for development and maintenance
of this project, which is a 47 km long road project that involves four laning of existing two lane project and
strengthening of the same. Total cost of this project is about Rs. 248 Crores and the concession period
is 17.5 years including 2.5 years of construction period. The project is well ahead of schedule and is
operational since the last 3 years.
d. New Mattancherry Bridge Project in Kerala
The first BOT project in the state of Kerala this bridge connects Fort Kochi (the heritage town and a
famous tourist place) to Willingdon island in Cochin Port Trust area and has completed 3 years of stable
operations. This 700 meter long bridge provides a two-lane link across the Mattancherry Channel. The
project has a concession period of 13 years and nine months, including 28 months of construction period.
Gammon, with its civil engineering excellence, completed the construction in 18 months, i.e. 10 months
ahead of schedule, which has resulted in early commencement of toll revenues. In addition to the tolls, the
project company is also entitled to receive income in form of annuity from Government of Kerala.
e. Rangit II Hydroelectric project in Sikkim
This is a 40 year concession wherein the project company is developing a 60 MW hydro-power project in
the north eastern Indian state of Sikkim. The estimated project cost is about Rs. 350 crores.
f. Mumbai-Nasik Expressway Project
This Project is for the four laning of the Mumbai-Nasik section of National Highway 3 under the National
Highways Development Project Phase III. This is amongst the most important gateways to connect Mumbai
to northern, central & eastern part of India. It is the largest BOT road project in India with the total project
cost estimated at over Rs. 750 Crores. The concession period for the project is 20 years including 3 years
of construction. The project has achieved its Financial Closure and is currently under implementation.
g. Bio-mass based Power project in Punjab
Gammon has secured alongwith its 50% consortium partner a right to set up biomass fuel based power
projects in the state of Punjab. Each of the projects would be in the range of approximately 12 MW each.
Currently, it is in the process of setting the first 2 such projects through an SPV “Punjab Biomass Power
Limited.” Each of these projects is expected to cost about Rs. 50 Crores. Land acquisition has already
been completed & Financial Closure is underway. The construction is expected to begin shortly.
h. Gorakhpur By-pass road project
This project involves design, construction, finance, operation and maintenance of km 0.00 to km 32.27 of
Gorakhpur Bypass on NH-28 in the State of Uttar Pradesh, India on Annuity Basis on behalf of the National
Highways Authority of India (NHAI). The concession period is 20 years (including Construction Period of
30 months). The project is presently under implementation.
i. Kosi river bridge project
The project involves design, construction, finance, operation and maintenance of 4-lane bridge across river
Kosi including its approaches, and Guide Bund & Afflux Bund from km 155.00 to km 165.00 on NH-57 in the
State of Bihar, India on Annuity Basis. The total length of the project stretch is 10.635 Km. The concession
period is 20 years (including Construction Period of 3 years). The project is presently under implementation.
j. Adityapur SEZ Project
The consortium of Gammon alongwith Jamshedpur Utilities & Services Company Limited (JUSCO)
(a TATA Group Company) has received the Letter of Intent for Development of Adityapur SEZ in Jharkhand
from Adityapur Industrial Area Development Authority. The project involves design, construction, finance,
operation and maintenance of SEZ Adityapur Limited. This SEZ will provide state of the art industrial
infrastructure including utilities and logistic infrastructure and maintained by developers for 90 years. The
project cost is Rs. 150 Crores.
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