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Punj Lloyd has secured an engineering, procurement and construction highway contract worth Rs 666 crore from the Ministry of Road Transport and Highways for building a 90.58 km section of the Asian Highway Network.
The network is a cooperative project for improving transport facilities in 32 nations and providing road links to Europe. It is part of the Asian Land Transport Infrastructure Development project supported by the United Nations Economic and Social Commission for Asia and the Pacific.
Also known as the Great Asian Highway, the network has eight routes in India, including AH 48, funded by the Asian Development Bank.
The work involves upgrading to 2/4 lane of the Bhutan border at Pasakha to Bangladesh border at Changrabandha. The project is scheduled for completion in 30 months.
J P Chalasani, MD and CEO, Punj Lloyd, said, “Besides creating high quality infrastructure, this development will reduce travel time and more importantly improve safety levels for travellers as it will be built to world-class specifications.''
With this order, the Punj Lloyd group’s order backlog stands at Rs 24,021 crore, the company said in a statement to the BSE.
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