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- Category: Diaspora News
- Written by Kim
Construction and engineering company Punj Lloyd Thursday said it has bagged a road project worth $54 million (Rs.285 crore) in Kenya.
'Highways segment is going to be the group's core business of growth in the ensuing years. Our knowledge coupled with the expertise to deliver complex projects on time will complement Kenya's ambitious plans to spur infrastructure growth,' said S.S Raju, chief executive, infrastructure, Punj Lloyd.
The project entails the construction of 62 km road, north of Nairobi. It will be completed in 30 months, the company said in a statement.
According to Rao, the company will continue to bid with an aim to create a portfolio of infrastructure development projects in Africa.
Punj Lloyd entered the African market in 2006.
The company has entered into an joint venture agreement with a local firm, Intex Constructions, for executing the road project.
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