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Ashoka Buildcon secures LoA for Rs 561.54 crore road project in Guyana

Ashoka Buildcon secures LoA for Rs 561.54 crore road project in Guyana

Business Upturn19-06-2025
Ashoka Buildcon Limited has achieved a significant milestone by securing an international infrastructure project from the Government of Guyana. The company has received the Letter of Acceptance (LoA) dated June 18, 2025, from the Public Works Department of Guyana for the prestigious East Bank-East Coast Road Linkage Project Phase 2 (Eccles to Providence) .
Valued at US$ 67.25 million, this road project is a key component in enhancing Guyana's transportation network. Ashoka Buildcon also executed the formal Contract Agreement with the Guyanese authorities on the same date, marking the official start of this international collaboration.
The project will be executed under an item rate contract model and is expected to be completed within a timeframe of 18 months. This marks a major global win for Ashoka Buildcon and strengthens its international presence in the infrastructure sector.
Notably, this project is an entirely international venture, with no related party transactions or promoter group involvement. The deal further highlights Ashoka Buildcon's technical expertise and growing recognition as a trusted name in global infrastructure development.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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