IRCON Wins Railway Work Worth USD 91.27 Million In Sri Lanka
IRCON International Limited (IRCON) has been awarded an International Railway Contract worth Approx USD 91.27 Million (equivalent to INR 635 crore) from Sri Lanka Railways under the Ministry of Transport & Civil Aviation, Govt. of Sri Lanka. The contract is for upgradation of the Northern Railway line from Maho-Omanthai in Sri Lanka. Under the contract, IRCON will upgrade single line broad gauge track from Maho-Omantha of around 128 km length including associated infrastructure works.
This is an item rate contract which is financed through Exim Bank of India as per Indian lines of credit. The project is to rebuild the rail track to make it capable of carrying trains at speeds of 120 kmph and with heavier loads and to ensure efficient, safe, and comfortable transport service for passengers and freight. Previously, IRCON has successfully executed five high-value Railway Projects in Northern Sri Lanka with a cumulative contract value of over USD 645 Million.
- Bagged By:
- Country:Sri Lanka
- Industry:Transportation Services
- Value:USD 91.27 Million
- Published On:2019-05-03