Saturday, June 29, 2013

Essar Projects secures US$ 50 million contract in PNG

Essar Projects a Global EPC (Engineering, Procurement, Construction) contractor headquartered in Dubai announced that it had secured a construction project valued at US$ 50 million in Papua New Guinea for the Western Highlands Development Corporation.

This is the sixth international contract won by EPL this year and the second project secured by the company in PNG, where it earlier constructed and commissioned the Komo Airport for Exxon Mobil. Essar Projects’ current order book has swelled to over US$ 4 billion.

Mr Alwyn Bowden president and CEO, Essar Projects said: “This project is a historic win for EPL reaffirming the entrepreneurial nature of the company and the proven ability to operate in the most challenging of environments, and underpins a clear strategy to consolidate and build on our operations in Australasia, just as we are successfully doing in the Middle East and Africa.”

The project involves construction of Kapal Haus in Mount Hagen Western Highlands Province. EPL would design, construct and commission the Proposed Mixed Use Development project which will include construction of an office complex to house the provincial headquarters including the Governor’s office and a residential building for diplomats, ministers and high profile professionals. The project will be completed in 22 months.

The Prime Minister of Papua New Guinea, Mr.Peter  O'Neill will inaugurate the project next month accompanied by four former Prime Ministers in a ceremony that will be graced by the Regional Head of the Catholic Church and all foreign diplomats.

Source - Strategic Research Institute

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