|
Indian Railways signs $1b Ircon contract in Malaysia |
 |
Railway minister, Lalu Prasad Yadav has formally inked a $1-billion contract with the Malaysian government at the ministry of transport in Kuala Lumpur. Malaysian transport minister Ong Tee Keat was present at the deal ceremony, said an additional general manager from Ircon's Malaysia office.
Indian Railways had bagged the billion-dollar contract to construct a 103-km-long high-speed rail segment in Malaysia in January 2008. Indian Railway Construction (Ircon) International Ltd, a subsidiary of the Indian Railways, was awarded the project for building an electrified double line (two parallel tracks) in the Malaysia's Seremban-Gemas region.
"The deal signed is significant in the sense it will be executed on a turnkey basis. In addition to designing and building the double line, electrification and signalling works will also be done," informed the Ircon official from Malaysia to TOI on phone. This "double tracking" project bagged by Ircon is the biggest ever project given to the firm by any foreign country. In fact, the company has already taken up and completed 12 projects in the country, added Ircon sources.
|
