IRCON International Ltd., has bagged an international railway contract worth $91.27 million from Sri Lanka Railways, sources from the Ministry of Transport and Civil Aviation said.
The contract is to upgrade Northern Railway line from Maho to Omanthai in Sri Lanka. Under the contract, IRCON will the upgrade the single line broad gauge track of around 128 km in length, including associated infrastructure works, said a release. This is an item rate contract, financed through Exim Bank of India as per Indian lines of credit.