NHAI awards first international project in Myanmar to Punj Lloyd-Varaha | 08-Sep-2017 14:54
On 6th September 2017, the National Highway Authority of India awarded its first international project in Myanmar to a joint venture of Punj Lloyd-Varaha.
About the Myanmar Project:
- Project details:
Purpose – This project is for the upgradation of the Yagyi–Kalewa section in Myanmar to two lanes with earthern shoulder in the engineering, procurement, and construction mode.
Project length – 120 km
Estimated cost – Rs.1,177.02 crore
Estimated completion time – 36 months
- Punj Lloyd-Varaha’s bid was identified as the most competitive among four qualified bidders. It was at Rs.1,177 croreor 0.0017 per cent lower than the estimated cost.
- National Highway Authority of India (NHAI) is an autonomous agency of the Government of India, responsible for management of a network of over 70,000 km of National Highways in India.
- Headquarters: New Delhi
- Chairman – Mr.Deepak Kumar
- Capital – Naypyidaw
- Currency – Burmese kyat
- President – Htin Kyaw
- Official language: Burmese