Atlanta to complete Mumbra bypass BOT project

Atlanta Ltd has announced that the Mumbra bypass BOT Project of the Company shall be completed in the month of January, 2007 and toll collection will also be commence from January, 2007.

The company was awarded the project for construction of Mumbra Bypass of Mumbai-Pune Road at NH4 on a BOT basis. The scope of the project was increased by adding grade separator along with Railway over Bridge (ROB). This specialised, niche and high margin project has been executed by the company under its own books using its own fleet of equipment. The company’s role in this project includes the financing, constructing & project management, operations and maintenance and toll collection.

The Mumbra Bypass project facilitates heavy vehicle traffic from & to JNPT; diverts traffic passing through the congested town of Mumbra & Kausa and is an important link between NH 3 / NH 8 & JNPT. The project influence areas are the States of Maharashtra, Gujarat, Rajasthan and acts as the connectivity for traffic coming from / going to Goa, Karnataka, Tamil Nadu, Delhi & Madhya Pradesh.

In this segment, the company in its journey so far has successfully completed the Udaipur bypass project - one the country’s initial Build, Operate and Transfer (BOT) project awarded in 1996 which involved construction of a 11 - km long two-lane bypass road, with five major structures. This was executed by the company well ahead of the stipulated time.

Source : Equity Bulls

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