IL&FS Transportation Networks has received a Letter of award (LOA) from Roads & Building Department, Government of Gujarat for development of 8 Railway Over Bridges (ROBs) in the State of Gujarat under PPP Mode on Annuity basis. Further, the development of the Project will be undertaken through a subsidiary of the Company. The Project has a Concession Period of 17.5 years (incl. construction period of 2.5 years) at a Total Project Cost of Rs 250.85 crore. The Semi-Annual Annuity payable will be Rs. 21.99 Crores for a period of 15 years.
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.