Civil construction contract from Bangladesh shall create work for many civil contractors
Larsen & Toubro (L & T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. L&T is associated with many prestigious projects in India and abroad and executing infrastructure projects in high-speed corridor, potable water supply in villages across the country, power projects, mineral and materials handling projects etc. Over the years, L&T has significantly enhanced its capability to build faster, and reliable projects is in line with its strategic goals.
The construction arm of Larsen & Toubro has secured an order from the Bangladesh Hi-Tech Park Authority to construct Hi-Tech IT Parks at 8 locations (2 packages at 4 locations each) across Bangladesh. On 9th February 2022 (Wednesday), Larsen & Toubro said that its civil construction arm has bagged a 'significant' order to construct hi-tech IT parks at eight locations across Bangladesh. This project is being funded by the Indian EXIM Bank and is the first IT and office space order that L&T has secured in Bangladesh.
According to sources, the value of the contract, may fall under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore, as per the classification of contracts. The major scope of work for the project comprises of engineering, procurement and construction (EPC) of seven-storied structural steel buildings at all eight locations. The project is basically EPC contract for civil construction and procurement of all civil construction related materials like cement, structural steel, TMT etc. for the IT parks. In addition to procurement & construction of civil, the scope also includes lift, electrical, fire fighting system and public health engineering among others.
L & T being an EPC contractor and the project is scheduled to be completed within stringent timelines, many civil contractors from eastern states of India like West Bengal, Jharkhand, Bihar & Chhattisgarh shall get small contracts in this project. Thus it will be double benefits to civil construction and infra industry in India. Civil contractors with skilled mansions, skilled carpenters are available at West Bengal whereas civil contractors with skilled bar benders, skilled painters etc are available in the states of Jharkhand, Bihar, Chhattisgarh can get work in the project.