Muscat: Galfar
Engineering and Contracting Company, the biggest contracting firm in the Middle
East, has won the tender for four laning of Kashipur-Sitarganj section of NH-74
in the Uttarakhand and Uttar Pradesh by National Highways Authority of India,
Ministry of Transport and Highways, on design, build, finance, operate and
transfer (DBFOT) basis.
The company will get a grant of Rs 2.23 billion. The
construction period is for 910 days, and the concession period is 21 years and
the project is envisaged to cost RO42.61 million, the company's Vice-Chairman
and Managing Director Dr P. Mohammed Ali stated in a statement.
The company's Indian affiliate has completed the
Indore-Ujjain road project on BOT basis, and started toll collection for 25
years. The execution of other two projects, including Ghaziabad-Aligarh road, are
in full swing and will be ready within a year.
Also, the company has submitted serious bids for road
projects and is expecting some more projects in India in the near future. These
projects are in the region of Rs 10 billion, Dr Mohammed Ali earlier said.
The company's order book position was around RO700 million
by end-September, 2012. As Oman government has a lot of plans for
infrastructure development, the company expects to get a fair share in the contracts.
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