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Construction : Web Exclusive | April 2014 | Source : Construction Update

Yamunanagar Panchkula Project concession agreement stands terminated

Gammon Infrastructure Projects Ltd has informed BSE regarding termination of Yamunanagar Panchkula Project Concession Agreement. The company's subsidiary Yamunagar Panchkula Highway Pvt Ltd was incorporated to implement the project for four laning of UP/Haryana Border Yamunanagar-Saha-Barwala-Panchkula section (km 71.640 to km 179.249) of the National Highway no. 73 in the state of Haryana on design, build, finance, operate and transfer (DBFOT) basis. The company has signed an agreement dated March 14, 2014 to terminate by mutual agreement the concession agreement dated July 30, 2012 executed by it with NHAI.
 
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