IL&FS Transportation Networks has received a Letter of Acceptance (LoA) dated July 10, 2015 from Government of Jharkhand for 6 laning of Ranchi Ring Road, Section VII from Kathitanr to Karma comprising of 23.575 Kms. for development by Jharkhand Infrastructure Implementation Company, a subsidiary of the company on a Built Operate Transfer (BOT) basis.
The project is on annuity basis with a concession period of 17.5 years including construction period of 2.5 years. The estimated cost of the project is Rs 587.60 crore. The company shall receive a semi-annual annuity of Rs 55.82 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.
