Era Constructions bagged an order
worth Rs.53 crore from National Highways Authority of India for four-laning of
Gwalior Bypass in Madhya Pradesh on BOT annuity basis in
consortium with other members.
The scope of work involves
design, construction, development, finance, operation and maintenance of Gwalior
Bypass of the length 42.033 km from Km103 on NH-3 to Km 16 on NH-75. A separate
SPV has been incorporated to execute the highway project and the concession
agreement has been signed with NHAI for this purpose. The estimated cost of the
project is Rs.300 crore.
The contract shall be executed by Era
Construction over a period of two and a half years with concession period of
seventeen and half years.
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