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Madhucon wins road project from NHAI

Monday, 24 May 2010
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Madhucon Projects has bagged a contract from the NHAI for four-laning of Chhapra - Hazipur Section of NH-19 from km 143,200 to 207.200 in Bihar under NHDP-III on BOT (Annuity) basis.

The scope of work will include design, build, finance, operate and transfer under NHDP III for semi-annual annuity of Rs 65.43 crore. The concession period is five years including construction period of 910 days.

A SPV in the name of Chhapra-Hajipur Expressways is to be floated to execute the project.

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