Gammon Infrastructure Projects will start tolling on a part of its 100-km highway stretch on national highway (NH)-3, between Mumbai and Nashik, by the end of this month, managing director Parvez Umrigar said.
"The first phase of the tolling will be for the 50 km at the Nashik-end of the highway. "We hope to begin the second phase of tolling at Kalyan by March," Umrigar said.
The Rs 753-crore project, which is a 80:20 joint venture between Gammon and Ahmedabad-based Sadbhav Engineering, was awarded over four years back. It was then the biggest contract offered by the National Highways Authority of India (NHAI).
The project has a concession period of 20 years, including the construction period of three years. Umrigar said it had also been one of the first projects where the NHAI allowed partial tolling. A highway developer needs to have completed at least 50 km to be able to toll.
While Umrigar did not divulge the expected toll revenues per day, he said there would be 30,000-40,000 passenger car units (PCUs) every day.
PCU is used to measure the traffic on a highway. A truck, for instance, is considered equivalent to two PCUs and bigger vehicles will be assigned larger PCUs.
While group company Gammon India is the engineering, procurement & construction (EPC) contractor for the project, operation & maintenance is to be handled by Gammon Infra itself.
Gammon Infra has seven other highway projects, of which four are fully operational. It also has three ports, two hydropower plants and 15 biomass projects of 10 megawatt (mw each in Haryana & Punjab and one of 30 mw in Maharashtra.
Thursday, December 24, 2009 4:30 IST
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