Punj Lloyd bags Rs 1,270-crore expressway project in Yemen

NEW DELHI: Diversified group Punj Lloyd has bagged a Rs 1,270-crore order for construction of 42-km expressway in Yemen.

"The company has bagged this project from the Ministry of Public Works & Highways, Republic of Yemen, and is valued at Rs 1,270 crore (USD 211.41 million approximately)," Punj Lloyd said in a statement today.

It is being funded by Saudi Development Fund (SDF). Located 60 km from the port city of Aden, the scope of work for this project comprises construction of 210 lane-km new carriageway greenfield project, the statement said.

Lane-km is used to describe the length of roads. The work involves excavation of over 10 million cubic metre, road paving, surface sealing, two major concrete overpass bridges and associated infrastructure work.

"This is the first major expressway project for Punj Lloyd in the Middle East. This is an excellent opportunity for us to showcase our construction expertise in the Middle East market," Pardeep Tandon, President & CEO, Buildings & Infrastructure, MEA & CIS, Punj Lloyd, said.

Yemen is also a repeat country for Punj Lloyd which has already executed work on the offsites and utilities of the prestigious Yemen LNG project, the statement added.

With this new order, the group's order backlog stands at Rs 23,376 crore.

The order backlog is the value of unexecuted orders on December 31, 2013, plus new orders received after that date.