Sunday, May 22, 2022

IRCON appointed as PIA for road construction project in Myanmar

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New Delhi: Ircon International Limited (IRCON), a PSU under the Ministry of Railways, has been awarded an overseas project by the Ministry of External Affairs (MEA), Government of India. According to IRCON’s regulatory filing to the stock exchange on Saturday, It has been appointed as project implementation agency for the construction of road from Paletwa (Myanmar) to Zorinpuri (Mizoram) under Kaladan Multi Modal Transit Transport Project (KMMTTP) in Myanmar.

This project will be executed under engineering, procurement, and construction (EPC) mode at a lump-sum cost of Rs 1,780 crore. "The duration of the project shall be 40 months from the effective date i.e. date of execution of the necessary agreement which will be executed within the next 14 days," it informed BSE.

IRCON is an engineering and construction organisation, specialized in transport infrastructure. Its primary charter was the construction of railway projects in India and abroad.

Earlier, IRCON handed over the newly commissioned cross-border rail section from Jaynagar (Km. 0.00) to Kurtha (Km. 34.90) to the Government of Nepal (GoN) on October 22, 2021. This is part of 68.72 Km Jaynagar-Bijalpura-Bardibas rail link being built under the Government of India grant assistance of NPR 8.77 billion on behalf of the Government of India.

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