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The AEL Project comprised up-gradation & widening of a 47 km stretch between Dharmavaram and Tuni in the state of Andhra Pradesh (on the Chennai Kolkata stretch of NH5). The client is National Highways Authority of India. The Partners in the SPV are Gammon and Punj Lloyd Limited. AEL started commercial operations in October 2004 (30 days ahead of schedule). AEL has a revenue stream that comprises semi-annual Annuity. The concession/ licence period for this project is 17 years and 6 months that runs until November 29, 2019.
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| Home : Corporate info : Milestone : PPP Model : Projects : Global Initiatives : Road Ahead : Careers : Contact | |||||||||||||||||||||||
ANDHRA EXPRESSWAY LIMITED (AEL) 