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.
Source: Business Line
