Pearls GRT JV to transform Indian Roads
Southport, QLD, November 07, 2013 – Australian infrastructure leaders Global Road Technology (GRT) have announced a multi-million dollar partnership with Indian construction and energy giant Triace.
Using the latest certified road development and stabilisation technology, Australian based GRT builds instant highway infrastructure – saving time, money and resources when compared to the construction of conventional roads. This deal will see GRT and its Indian joint venture partner Pearls Group – as Pearls GRT – work with Triace to apply their products on projects covering 7,000km of Maharashtra, Indiaâ€™s second most populous and third largest state.
â€śOur technology provides a cost-effective and time efficient solution to the development of road infrastructure in both remote areas and developing nations – providing access for communities to the wider world,â€ť said Mr Skinner.
â€śOur contract with Triace will enable us to provide communities across Maharashtra state access to safer and more environmentally sustainable road networks â€“ creating a road network that will transform the region.
Just as importantly, this will be done economically and rapidly â€“ with up to 6000 sq metres of road being applied a day using GRT products, as opposed to traditional methods that take up to a month to lay a kilometre of road.â€ť
The Triace deal follows the recent signing of a formal joint venture between Global Road Technology and one of Indiaâ€™s largest companies, Pearls Group – this joint venture will be named Pearls GRT.
GRT already has a market presence across Asia, India, North and South America.
GRT is working with major companies across the mining, oil and gas and government sector with its economic and environmentally friendly technology in high demand â€“ with its application helping to create better road networks worldwide.
GRT polymers can be mixed with in-situ materials to create better multi-use road surfaces across a number of landscapes and for multiple client needs.
According to Ben Skinner the partnership with Pearls and signing of the deal with Triace highlight the demand for GRTâ€™s products and the companyâ€™s ability to provide cost-effective and timely solutions for clients infrastructure needs.
â€śOur partnership with Pearls and the signing of the agreement in India demonstrates the demand for our products and their potential to provide infrastructure solutions globally for any number of industries and applications,â€ť Mr Skinner said.
â€śPearls GRTâ€™s road-building technology has the potential to revolutionise how roads are built and the company is entering an exciting time in its development.
Both the public and private sector grasp its effectiveness to provide instant infrastructure and what that means in terms of giving people accessibility to opportunities and improving their economic and social development.â€ť
Pearls GRT is a joint venture between two innovative powerhouses â€“ Global Road Technology and the Pearls Group.
Global Road Technology is an international company with a wealth of expertise in the creation and maintenance of better urban, rural and industrial roads.
Global Road Technology’s constant pursuit of innovation has solved road stabilization, dust control problems and met other operating challenges worldwide.
With the optimal combination of proven products and total turn-key solutions Global Road Technology has delivered all types of roads from major highways to haulage, industrial and rural roads, tarmacs, hardstand areas and water repellent pavements.
Global Road Technologyâ€™s team of expert surveyors, geologists, civil engineers and industry consultants ensure a qualified onsite presence to assist with any project.
In many countries, unsatisfactory roads are contributors to poor social and economic development and are unsafe for the whole community. Global Road Technology is committed to the United Nation’s initiative of “A Decade of Action” which aims to reduce road deaths by 50% in 2020. Presently, road traffic fatalities take 1.3 million lives per year and this is expected to increase to 1.9 million by 2020 unless urgent action is taken.
Our goal is threefold- keep industries moving, create better roads for rural communities, and build safer road infrastructure in low to middle income countries.
Pearls is a privately owned, diversified company with a pan-Indian presence, formed in 1983. Since that time, the Pearls Group of companies has created a versatile property portfolio of master planned townships, residential apartment projects, retail shopping malls and state-of-the-art office complexes.
Among Indiaâ€™s largest private landholders, Pearls has been quietly at the forefront of the Indian property sector creating the future infrastructure to cater for the nationâ€™s surging economic growth and development.
It also holds broader interests in infrastructure and construction, the media, film production, education, health care and hospitals, agriculture, food and alcohol distribution and insurance. Pearls is committed to quality, value and innovation â€“ giving the company a natural affinity with its partner in Pearls GRT, Global Road Technology.