SRI LANKA (Metro Rail News): IRCON International Limited said in an exchange filing that the Indian Line of Credit had approved a project for Sri Lanka’s Ministry of Transport and Sri Lankan Railways for a total of Rs. 122 crores.
The project includes signalling and telecommunication systems designed, installed, tested, and commissioned from Maho Junction to Anuradhapura.
The project was chosen through a competitive bidding process and must be finished within 24 months of the Contract Agreement’s date of execution.
The project work is valued at Rs 122 crore, and IRCON has to execute the contract in the next 24 months.