You are using an older browser version. Please use a supported version for the best MSN experience.

Punj Llyod JV wins Rs1,177 crore NHAI project in Myanmar

LiveMint logoLiveMint 06-09-2017 PTI

New Delhi: A Punj Lloyd joint venture has won a Rs1,177-crore project in Myanmar from the National Highways Authority of India, an official said.

“The NHAI has awarded its first international project in Myanmar. A joint venture between Punj Llyod and Varaha Infrastructure Ltd has won the bid to construct the Yagyi- Kalewa road section in Myanmar at a cost of Rs1,177 crore,” a senior NHAI official said.

The project has been awarded by the NHAI at a time when Prime Minister Narendra Modi is on a 3-day visit to Myanmar to help strengthen bilateral ties. A senior NHAI official said it had received four bids for the project.

The bidders included the Punj Lloyd JV, Jaypee, APCO and Effkon. The project will be based on engineering, procurement and construction (EPC) model. Under the project, the company will be required to build a road stretch of nearly 120 km within 36 months and the job includes construction of 3 major and 2 minor bridges.

The company is also supposed to maintain the project for five years, he added. The project is being funded by the Ministry of External Affairs and the NHAI will be the implementing agency.

More From LiveMint

image beaconimage beaconimage beacon