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.
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.
Important Takeaways from Above News-
- Nitin Jairam Gadkari is the Cabinet Minister of Road Transport and Highways.
Source- The Hindu Business Line