NHAI inks pact for maiden Rs 1,177 cr global project

By: |
New Delhi | April 11, 2018 10:47 PM

The National Highways Authority of India (NHAI) today inked a pact for its maiden international project, part of the India-Myanmar-Thailand Trilateral Highway.

NHAI, global project, Rs 1,177 cr global project, National Highways Authority of India, India-Myanmar-Thailand, Trilateral HighwayIndia, Thailand and Myanmar are working on the about 1,400 km long highway that would boost trade, business, health, education and tourism. (Photo: PTI)

The National Highways Authority of India (NHAI) today inked a pact for its maiden international project, part of the India-Myanmar-Thailand Trilateral Highway. India, Thailand and Myanmar are working on the about 1,400 km long highway that would boost trade, business, health, education and tourism ties among the three countries.

“NHAI has signed an agreement for upgradation of Yagyi – Kalewa section in Myanmar to Two Lane with Earthen Shoulder. The agreement was signed today by NHAI with Punj Lloyd Ltd – Varaha Infra Ltd (JV),” the NHAI said in a statement. The development comes against the backdrop of Road Transport and Highways Minister Nitin Gadkari recently saying that the India-Myanmar-Thailand Trilateral Highway (TH) is likely to be operational by December 2019.

“The project has been funded by Ministry of External Affairs, Government of India and would be executed on EPC (engineering, procurement and construction) mode at a cost of Rs 1,177 crore,” the statement said. The project includes three new major bridges, repair and strengthening of four existing major bridges, two new minor bridges, reconstruction of six existing minor bridges, repair and strengthening of nine existing minor bridges, reconstruction of 226 existing culverts, 20 bus bays and passenger shelters besides one rest area.

“Next year by the end of December, we will be in a position to get connectivity…We are giving highest priority to this (India-Myanmar-Thailand TH project). This will boost trade and ties among the nations in the region,” Gadkari had earlier said.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1‘We saved Rs 30,000 crore via conciliation, FASTag boosting toll receipts’: NHAI chairman Sukhbir Singh Sandhu
2Do you need COVID-19 negative certificate to travel by trains? Here’s what Indian Railways said
3Urban water supply: Smart solutions the way forward