Australian firm signs $ 110 million road deal in India

[Vikrant]

MELBOURNE: An 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 stabilisation 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 kilometres of road 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 revolutionise 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 squar ..


Read more at:
Australian firm signs $ 110 million road deal in India - The Economic Times

 

[bianco]

A great deal.

Nothing worse than driving on bad roads.

 

[Vikrant]

^ If you are skilled enough, you can get a job with that company and hopefully will stop complaining about your call center job losses.

 

[william the wie]

Sound like a win-win to me.

 

[Vikrant]

Current Australian government is very wise. Australia will prosper under it.

 

[Moonglow]

So India is like Mexico? They don't know how to pave roads?

 

[Vikrant]

I think Australians are excellent construction workers.