Page 63 - CO January 2022

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INTERNATIONAL

RAIL VIKAS NIGAM LTD ENTERS INTO MOU FOR RAILWAY
PROJECTS IN KYRGYZSTAN
Rail Vikas Nigam Ltd has entered into an MoU with Economic Policy
Research Institute, Ministry of Economy and Finance of KYRGYZ INDIA’S CARS24 SEALS ONE OF DUBAI’S BIGGEST DEALS
Republic, Bishkek, KYRGYZSTAN for development of Railway corridor EVER FOR COMMERCIAL PROPERTY FOR DH40M+
projects n Kyrgyz Republic specially to connect from Bishkek to The boost in Dubai’s real estate sector is now extending beyond
Karakechenskoye. residential, with one of the biggest deals signed for commercial
property in recent times.
IRCON EMERGES LOWEST BIDDER FOR SRI LANKA, The India pre-owned car buying and selling platform, CARS24, has
BANGLADESH RAILWAY PROJECTS leased a 1 million square feet facility in Jebel Ali for a contract
IRCON International Limited has emerged as the lowest bidder value of Dh40 million plus. The consultancy Knight Frank helped
in Railway signalling projects floated by the Ministry of Transport in the transaction.
Services Management, Sri Lanka for Design, Installation, Testing CARS24, which is currently valued at $2 billion plus, entered the
and Commissioning of Signalling System from Maho Junction to UAE market earlier this year, with the promise of taking the auto
Anuradhapura, Sri Lanka under the Indian Line of Credit. The value buying and selling process completely online. The company does
of the project is approx. $15.5 million equivalent to `114 cr. The carry an inventory of used cars, and this is where the new Jebel
completion period of the project is approx. one year. Ali facility has its uses.
The company has emerged as the lowest bidder also in
Railway signalling projects floated by the Ministry of Railways, TATA PROJECTS BAGS TRANSMISSION PROJECT IN
Bangladesh for the construction of Non-Interlocked colour light BANGLADESH
Signalling System for all (09) stations including Construction of TATA Projects has forayed into Bangladesh’s Transmission &
Telecommunication System with Optical Fibre in connection Distribution sector by securing a 400 KV double circuit transmission
with Construction of Khulna-Mongla Port Rail Line Project. The line project valued at approximately `900 crore from Power Grid
value of the project is approx. BDT 28cr equivalent to `24 cr. The Company of Bangladesh Limited (PGCB).This 120-km length
completion period of the project is approx. six months. project from Barapukuria to Bogura has been secured on turnkey
basis. The project will be executed in 30-months and funding shall
be done by EXIM Bank India under Indian Line of Credit, it added.
The transmission line shall result in expansion of high voltage
transmission infrastructure in the northern parts of Bangladesh. It
will also facilitate 1600 MW power transmission from Power Plant
based in Jharkhand to Bangladesh, the statement added.

JANUARY 2022|CONSTRUCTION OPPORTUNITIES 63