With two major contracts in the bag -- constructing the A32 road linking the North and South and the piling contract for the 5-Star international Hotel Softlogic Movenpick through a subsidiary CML MTD Construction Ltd -, MTD Walkers PLC says it’s looking forward to a progressive year.
Viraj de Silva, the group’s Chief Financial Officer, said these projects are two of the largest contracts to be undertaken by any engineering company in 2011. “We successfully won these contracts and both these projects are slated for completion within the next two years,” he said in a press release issued by the company.
Describing the organization as Sri Lanka’s only listed, fully fledged engineering and infrastructure-development company, the release said the company will undertake the construction of 36 km of the A32 road at a cost of Rs 1.7 billion. On completion, the road will connect the North with the South and will be the shortest route from Colombo to Jaffna.
CML-MTD Construction has also received a letter of acceptance for the reconstruction of the Giriulla –Narammala Highway worth Rs 1.4 billion. The company has already successfully completed the construction of substantial components of the new Southern Expressway and is in the process of contributing specialist construction capacity for constructing the Colombo-Katunayake Expressway.
The statement said Walkers’ Piling (Pvt) Ltd, a fully owned subsidiary of MTD Walkers and one of the largest piling contractors in Sri Lanka, will commence work this month at the Movenpick hotel site using specialized ‘secant’ piling technique which is frequently used overseas for deep excavation.