Queensland firm Global Road
Technology Australia has landed a $116 million ($US110M) deal to lay its
"instant highway" technology on 7,000 kilometres of road in India.
The firm, whose biggest projects to date have included infrastructure linked to resource industry development in Queensland, secured the deal with Indian construction and energy giant Triace this week.
It would see the firm's road stabilisation technology applied on the ground through a joint venture with Indian firm Pearls Group - to be called Pearls GRT.
GRT director Ben Skinner said the technology was expected to create a road network that would transform regional Maharashtra - India's third largest state.
"Our partnership with Pearls and the signing of the agreement in India demonstrates the demand for our products and their potential to provide infrastructure solutions globally for any number of industries and applications," Skinner said.
"Pearls GRT's road-building technology has the potential to
revolutionise how roads are built and the company is entering an
exciting time in its development."
The technology would allow the construction firm to lay up to 6,000 square metres of road a day compared to traditional methods that could take up to a month per kilometre, he said. That meant rollout time from planning to finished road took a matter of days with GRT technology.
The firm expected to have a team of surveyors, geologists, civil engineers and industry consultants on the ground to assist with the project.
Among the firm's biggest selling points was the fact that its technology was tested under some of Australia's harshest conditions - at mining sites where haulage roads must remain open 24 hours a day to boost productivity.
The firm was already working across India, North and South America, he said, in major mining, oil and gas developments, and with government sector.
The firm, whose biggest projects to date have included infrastructure linked to resource industry development in Queensland, secured the deal with Indian construction and energy giant Triace this week.
It would see the firm's road stabilisation technology applied on the ground through a joint venture with Indian firm Pearls Group - to be called Pearls GRT.
GRT director Ben Skinner said the technology was expected to create a road network that would transform regional Maharashtra - India's third largest state.
"Our partnership with Pearls and the signing of the agreement in India demonstrates the demand for our products and their potential to provide infrastructure solutions globally for any number of industries and applications," Skinner said.
The technology would allow the construction firm to lay up to 6,000 square metres of road a day compared to traditional methods that could take up to a month per kilometre, he said. That meant rollout time from planning to finished road took a matter of days with GRT technology.
The firm expected to have a team of surveyors, geologists, civil engineers and industry consultants on the ground to assist with the project.
Among the firm's biggest selling points was the fact that its technology was tested under some of Australia's harshest conditions - at mining sites where haulage roads must remain open 24 hours a day to boost productivity.
The firm was already working across India, North and South America, he said, in major mining, oil and gas developments, and with government sector.
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