Uralungal Society secures ₹1,704-cr road contract

Uralungal Labor Contract Cooperative Society has been awarded a contract to develop the 39 km road from Thalappadi to Chengala on NH-66 as a six-lane road stretch. The project, which is part of the Bharatmala Pariyojana, is being built on hybrid annuity model along with maintenance of 15 years. This is the first time that the Uralungal Society has participated alone and won the contract of the National Highways Authority amidst tough competition, where players like Adani Group, Megha and KNR groups also participated. The Uralungal Society is the only contractor from Kerala eligible to participate alone in the tender for the National Highway Development Program, which includes projects such as the Bharatmala and the Golden Quadrilateral Super Highway.

The Society got the contract for the first stretch from the state border for ₹1704.125 crore. The construction period in this project is two years and the estimated cost is ₹1,268.53 crore. Only 40 per cent of the contractual amount will be allotted during the construction phase. The rest of the amount will be given as 30 instalments during the remaining 15 years. The contractor would have to secure 60 per cent of the construction cost and also bear the interests on its own. The tender process for 11 stretches from Thalappadi to Kodungallur and three stretches from Paravur in Alappuzha district to Kadampattukonam for the six-laning project from Kasaragod to Thiruvananthapuram are currently on. Of these, the tender processes of stretches from North to Kapirikkadu have been completed and the remaining will be completed soon.