Essar Projects bags $62 million deal from Papua New Guinea government
December 23, 2020
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Essar Projects, a part of Essar Capital’s technology and services portfolio said that its subsidiary Essar Projects PNG (EPPNG) has won a contract worth $62 million to construct a provincial headquarters and associated works from the Papua New Guinea government. .
Essar bagged this project in the Jiwaka province through an international competitive bidding route following a stringent multi-stage shortlisting and approval process, the company said. “It is a testament towards our commitment for creating a world-class infrastructure for the people of Papua New Guinea,” said Srinivas Karri, Project Head, EPPNG. The new contract includes setting up a world-class administrative headquarters of Jiwaka, the country’s youngest province, established in 2012. It will be designed as an environmentally friendly smart multi-storied building based on modernised traditional architectural principles of neighbouring countries of Australia and New Zealand, and within the country, Essar said.