October 07, 2008

IRCON bags USD 1 billion construction deal in Malaysia

BL reported that Indian Railways' subsidiary IRCON International has won a USD 1 billion contract to construct a 103 kilometer long high speed rail segment in Malaysia.

The scope of work involves building an electrified double line between Seremban and Gemas in southern Malaysia. It also includes electrification and signaling works.

The Seremban Gemas stretch is part of the double tracking of Malaysia's north south railway and involves construction of 34 river bridges and 13 road over bridges.

The formal signing of the contract is scheduled to take place on May 16th 2008.