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Aus firm signs USD 110 million road deal in India

December 19
03:35 2013

Aus firm signs USD 110 million road deal in IndiaMELBOURNE: n Australian firm has secured a USD 110 million deal to apply its “instant highway” technology to create a road network that would transform regional Maharashtra.

Queensland-based Global Road Technology Australia secured the deal with Indian construction and energy giant Triace. It would see the firm’s road stabilization technology applied on the ground through a joint venture with Indian firm Pearls Group – to be called Pearls GR.

The million dollar agreement would see the technology laid on 7,000 kilometers of roads in India, according to ‘The Courier Mail report recently.

GRT director Ben Skinner said the technology was expected to create a road network that would transform regional Maharashtra.

“Our partnership with Pearls and the signing of the agreement in India demonstrates the demand for our products and their potential to provide infrastructure solutions globally for any number of industries and applications,” Skinner said.

“Pearls GRT’s road-building technology has the potential to revolutionize how roads are built and the company is entering an exciting time in its development,” he added.

The technology would allow the construction firm to lay up to 6,000 square meters of road a day compared to traditional methods that could take up to a month per kilometer, he said adding that meant rollout time from planning to finished road took a matter of days with GRT technology.

Selling features of the technology included that it was tested under some of Australia’s harshest conditions at mining sites where haulage roads must remain open 24 hours a day to boost productivity.

The firm was already working across India, North and South America, Skinner said, in major mining, oil and gas developments, and with government sector.–PTI

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