Indian multinational company wins contract for a water supply project in Sri Lanka
Indian multinational Larsen & Toubro (L&T) has reportedly stated that it has won a contract for a water supply project in Sri Lanka.
As per the company’s project classification, the award value falls in the range of US$ 150 to US$ 350 million.
The company has stated in a statement that its construction arm has been “awarded (significant) contract for water supply and distribution in Sri Lanka”.
An EPC (engineering, procurement and construction) order has been bagged from the National Water Supply and Drainage Board (NWSDB) for the execution of the Kundasale Haragama water supply project in Sri Lanka’s Kandy District, the statement has noted.
The project is funded by the Exim Bank of India and Bank of Ceylon and envisages to provide drinking water to approximately over 300,000 people.
“The project scope includes design, construction, commissioning and O&M (operation and maintenance) of an intake structure, 55 MLD water treatment plant, 73 km of transmission mains, 19 service reservoirs of total capacity 16.2 ML, nine pump houses, 280 km distribution mains and associated electrical, mechanical and instrumentation works,” the statement has noted.
According to the statement, the project also involves automation, including measurement of input and output water quantity and the order is in sync with the business strategy to expand into select SAARC and other international markets.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over US$ 20 billion in revenue and operates in over 30 countries.
OSL take:
The water project in Sri Lanka that has been awarded to an Indian multinational company is indicative of the interest shown by foreign companies to take part in Sri Lanka’s development programme. Sri Lanka’s development programme that covers the entire island includes projects of different levels covering all key economic sectors. Therefore, foreign businesses/investors could explore business/investment opportunities in Sri Lanka’s development programme.
| Article Code : | VBS/AT/21062019/Z_8 |