- The public-private partnership project involves construction of a bus terminal, commercial & residential apartments and passenger amenities over 15 acres of land
- The bus terminal will be constructed at Baramunda, Bhubaneshwar
- In addition to the construction, ARSS will also be responsible for the terminal’s maintenance, which includes toll collection and future operations
Bhubaneswar based ARSS Infrastructure Projects Limited, a growing corporate in the infrastructure space focusing on construction of roads, highways, bridges, irrigation projects and EPC activities for railways in India has secured a project worth Rs 1360.50 crores from the Commerce & Transport Department, Government of Odisha to build a bus terminal, commercial and residential apartments and passenger amenities over 15 acres of land.
The bus terminal, to be constructed at Baramunda in Bhubaneshwar in Public-Private partnership, will be maintained by ARSS for the next 15 years and the company will be responsible for toll collection and other future operations.
As a premium for the development of the terminal, ARSS will pay Rs 56 crores to the Government of Odisha.
Mr. Sunil Agarwal, President & CEO, said, “We are extremely pleased to have received this project. Executing orders for Government of Odisha is a matter of pride and a tribute to our team's capability and execution skills. It underlies our ability to manage exemplary and quality work and highlights our potential to deliver multiple projects simultaneously.”
About ARSS Infrastructure Ltd.:
Incorporated in 2000, ARSS Infrastructure Projects Limited (abbreviated as “ARSS.”) is an ISO 9000:2001 company. The Company is engaged in construction activities in India, and undertakes construction of railway infrastructure, roads, highways, bridges and irrigation projects. It started operations as a construction company in the field of railway infrastructure development, mainly in the state of Orissa and subsequently expanded its business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS has developed expertise in railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. Over the years it has diversified its field of activities into other construction segments such as development and construction of roads, highways, bridges, irrigation projects, EPC activities for railways.
ARSS has been listed on the NSE & BSE since 3rd March, 2010. For further details log on to www.arssgroup.in
