Ceigall India Secures $111 Million Contract for Ludhiana Bypass
The project, part of the Ludhiana-Ajmer Economic Corridor, involves developing a 25.24 km stretch from NH44 near Village Rajgarh to the Delhi-Katra Expressway (NE 5) near Village Ballowal.
Awarded under the Hybrid Annuity Mode (HAM), the project's estimated cost is approximately $104 million, while the bid project cost, as per the LOA, stands at around $128 million. Ceigall India secured the contract with a bid price of about $111 million, with a completion timeline of 24 months.
Interestingly, the same project was previously awarded to Ceigall India in June 2022 at a bid project cost of $84 million but was later revoked due to unavailability of the construction site.
The new award highlights Ceigall India's persistence in securing large-scale infrastructure projects despite previous setbacks.