IJM Corporation CEO and managing director
KUALA LUMPUR: IJM Corporation Bhd
has bagged a RM1.5bil contract from the National Highway Authority of India (NHAI) to build a 109km highway.
The infrastructure-property company said on Wednesday the contract was to build the Solapur-Bijapur section of the new national highway 52 between the states of Maharasthra and Karnataka.
IJM said the tollway – which will be the largest Indian project undertaken by IJM in value -- was awarded on a design-build-finance-operate-transfer basis.
The NHAI will provide a grant of about RM235.86mil for the project.
The concession is for 20 years, including a construction period of 30 months.
Work is expected to begin in mid-2018 and is scheduled for completion in 2021.
IJM said the contract include upgrading and widening the existing two-lane carriageway to four-lane standards with bypasses. IJM would also construct flyovers, bridges, road intersections, railway overbridge as well as the operation and maintenance of two toll plazas.
Connecting southern India with northern India, the tollway will serve as an alternative route to the North-South Corridor of the National Highways Development Programme (NHDP).
The development of this four-lane project with bypasses at Solapur, Bijapur and construction of six flyovers will help reduce time and costs of travel as well as expedite the improvement of infrastructure in Maharashtra and Karnataka .
IJM Corporation CEO and managing director Datuk Soam Heng Choon said:“We are honoured that IJM has been entrusted by NHAI again with this important infrastructure project to develop the Solapur-Bijapur tollway.
“The award affirms IJM’s proven capabilities in roads and highways sector. It will see us proudly utilising our skills and experience, building on our track record of delivering 16 major road projects totalling 1,378 km in India since 1998.”
To recap, IJM’s infrastructure division operates two tolled highways in India – the 246.8km Rewa Tollway and 68.5km Chilkaluripet-Vijayawada Tollway – and it owns 30% of SwarnaTollway.
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