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IL&FS Transportation inks agreement with Gujarat government for project worth Rs 250.85 crore

26 Mar 2015 Evaluate

IL&FS Transportation Networks has signed a concession agreement with the 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 through a subsidiary of the company.

The Project has a Concession Period of 17.5 years (including 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 crore 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.


Peers
Company Name CMP
Larsen & Toubro 3654.10
Kalpataru Projects 1344.15
NCC 127.60
Rail Vikas Nigam 194.50
KEC International 343.35
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