Gammon Infrastructure Projects' SPV To Inaugurate Kosi Maha Sethu Bridge (07-Feb-2012)
Gammon Infrastructure Projects' special purpose vehicle (SPV) - Kosi Bridge Infrastructure Company (KBICL) is in process of inaugurating the Kosi Maha Sethu, a bridge across the river Kosi in Supaul district of Bihar. The bridge is been developed by Gammon Infrastructure Projects through its SPV KBICL and constructed by Gammon India.
The National Highways Authority of India (NHAI) had awarded the project to the company to develop, finance, construct, operate and manage the 1.8 km long four lane bridge across the river Kosi along with 8.2 km of access roads and approximately 22 km of guide bunds/afflux bunds on Nation Highway No. 57 (NH 57) on annuity basis.
The bridge is 1878 meter long and 20.76 meter wide and has 40 well foundations each of 8 meter diameter and 39 spans each of 48.15 meters in length. The commissioning of the bridge will be a major boost for passenger and commercial traffic on NH 57.
As per the concession agreement, KBICL is entitled to receive 34 semi-annual annuities of Rs 31.90 crore each during the concession period. The project has been capitalized at Rs 448 crore.
Gammon Infrastructure Projects is an infrastructure project development company. The company is among the first companies in India to be modeled as an infrastructure developer holding company with investments spread across various sectors.
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