MoneyWorks4Me

IL&FS Transportation Networks’ arm bags contract worth Rs 363 crore in Ethiopia

15 Sep 2014 Evaluate

IL&FS Transportation Networks’ wholly owned subsidiary in Spain - Elsamex SA has been awarded a contract by the Ethiopian Roads Authority for construction of Ambo-Wolliso Road Upgrading Project for a total length of 62.7 Km to be executed in a period of 36 months.

The project is funded by World Bank and the estimated total contract value is ETB 1,203,462,410.59 approximately Rs 363.00 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.

Peers
Company Name CMP
Larsen & Toubro 3845.00
Kalpataru Projects 1397.60
NCC 133.45
Rail Vikas Nigam 207.00
KEC International 395.45
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