Logistics

NHAI awards first international project in Myanmar to Punj Lloyd-Varaha

Our Bureau New Delhi | Updated on January 10, 2018

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The National Highway Authority of India has awarded its first international project in Myanmar to a joint venture of Punj Lloyd-Varaha. This is for the upgradation of the Yagyi–Kalewa section in Myanmar to two lanes with earthern shoulder in the engineering, procurement, and construction mode.

An official statement said the 120-km-long project was estimated to cost Rs 1,177.02 crore and is to be completed within 36 months.

Punj Lloyd-Varaha’s bid was identified as the most competitive among four qualified bidders. It was at Rs 1,177 crore or 0.0017 per cent lower than the estimated cost.

Published on September 06, 2017

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