ARSS Infrastructure Projects Limited Secures Rs. 52.65 Crore Work Order from East Coast Railway
ARSS Infrastructure Projects Limited has secured a significant work order for the construction of a Road Over Bridge (ROB) and associated infrastructure projects on the Cuttack-Paradeep line. The contract, awarded by East Coast Railway, involves complex engineering works including a 1 x 60.0 m Camel Back Type Truss Girder and a 1 x 24 m composite girder for the railway portion in lieu of LC CP-55.The scope of the project includes the construction of an 8x 25.04 m RCC girder on the PPL Gate side and a 7 x 25.04 m RCC girder on the PPL Plant side for the approach portion at Railway Km 491/17-19 between Paradeep and Paradeep Port End stations under the Khurda Road Division.
Project Financials and Timelines
The total contract value is valued at Rs. 52,65,86,417.62. The company is mandated to complete the entire scope of work within a period of 24 months from the date of the Letter of Acceptance.| Particulars | Details |
|---|---|
| Entity Awarded Order | ARSS Infrastructure Projects Limited |
| Contract Value | Rs. 52,65,86,417.62 |
| Project Duration | 24 Months |
| Nature of Work | Construction of Road Over Bridge and RCC girders |
| Reporting Division | Khurda Road Division (East Coast Railway) |
Execution and Security Details
As part of the agreement, a sum of Rs. 12,60,630 as Earnest Money was deposited via a manual bank guarantee issued by Punjab & Sind Bank. The company is required to submit a Performance Guarantee equivalent to 10% of the contract value, amounting to Rs. 52,65,8641.76, within 21 days from the issuance of the Letter of Acceptance.The project execution will be monitored under the Khurda Road Division, with the work beginning upon the submission of an execution programme to the Deputy Chief Engineer/Con/RSP/BBS. The contract specifies that the balance security money will be recovered from progressive bills at a rate of 6% until it reaches 5% of the total contract value.
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