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Corporate
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New Business
Maytas Infra bags Godavari project
Hyderabad, April 15
Maytas Infra Ltd has bagged a project for the design,
construction, finance and maintenance of a bridge
across Vasista branch
of River Godavari at
Narsapur in Andhra
Pradesh. The
proposed bridge
would connect
Narsapur of West
Godavari district with
Sekhinatipalli of East
Godavari district. The
project was awarded
to the Hyderabadbased
company AP Road Development Corporation. The
391.5-metre long bridge is to be ready in about 24 months
from June. The financial closure of the Rs 68-crore
project was expected to happen by October 14. The
concession period for the project was 12 years with the
annuity period of one year. "The bridge will definitely
give a much needed boost to the business activity in the
region, and we at Maytas Infra are confident of
completing this project on time,'' said Mr P.K. Madhav,
CEO, Maytas Infra, said in a release. - Our Bureau
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