IL&FS Transportation Networks has emerged as the lowest bidder for the bids submitted with Road Infrastructure Company Kerala (RICKL). The company had quoted an Annuity (fixed semi-annual payment) of Rs 35.35 crore for project IIIA and Rs 44.50 crore for project IIIB.
The company had submitted bids with RICKL for Rehabilitation of State Highways and Major District Roads - Package III (A) Southern Region Total 96.72 Km and Rehabilitation of State Highways and Major District Roads - Package III (B) Southern Region Total 97.54 Km in the state of Kerala under DBFMT on Annuity basis. The projects are on Annuity (fixed semi-annual payment) basis with a concession period of 15 years including construction period of 730 days and the estimated cost of the project IIIA is Rs 121.44 crore and project IIIB is Rs 168.16 crore.
IL&FS Transportation Networks has been involved in the development, operation and maintenance of national and state highways, roads (including urban roads), flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.
