Efkon Ind bags Pink City, Trichy Tollway contracts
Efkon India, a subsidiary of Efkon AG, headquartered in Mumbai, and its new German shareholder Strabag SE has bagged orders to build and manage toll management services for two more prestigious projects.
Valued at approximately Rs6.5 crore, the two projects are the Pink City Expressway and the Trichy Tollway.
This is in addition to the three orders worth Rs28.05 crore bagged in August 2008 – the Bangalore elevated tollway, Chennai IT Expressway (six-lane) and the Surat-Dahisar tollway.
“Currently we are working on 14 projects totaling Rs52.26 crore,” Pushkar Kulkarni, CEO, Efkon India, told Construction Week India. “The latest orders reiterate our growing presence in toll projects across the country. These projects will ensure a smoother, quicker and hassle-free journey to motorists in these regions.”
The Pink City Expressway is a 38-lane project stretching from Jaipur to Gurgaon via Kotputli for which Efkon is installing a toll system for three toll plazas.
The Trichi Tollway is a long stretch from Trichi to Ulundurpet on the NH45. There are a total of 24 lanes in the plaza which gives scope for 12 lanes in each Plaza. Efkon will install two plazas end to end. The first project is scheduled for completion this month, while the Trichy tollway is expected to complete in December 2008.
Given the massive road and highway building activities across the country, the toll sector promises excellent prospects.
“The toll industry is getting highly technology savvy. The National Highways Authority of India (NHAI) has realised that a good efficient system will help curb pilferages and provide good roads to commuters. They are also in the process of formulating standards that will be beneficial for commuters and the NHAI,” Kulkarni said.
He identified Kapsch TrafficCom AG, International Road Dynamics South Asia Pvt Ltd, Rajdeep Info Techno Pvt Ltd, L&T Infotech and Arya Omnitalk as Efkon’s key competitors.