IL&FS Transportation Networks’ wholly owned subsidiary -- Fagne Songadh Expressway -- has signed concession agreement for development of 4- laning of Fagne - Gujarat/Maharashtra Border (Package-Ill) section of NH-6 in the State of Maharashtra from km. 510.000 to km. 650.794 with National Highways Authority of India (NHAI) on Build Operate Transfer (BOT) basis.
The Project is on Toll basis with a Concession Period of 19 years including Construction Period of 910 days and the estimated cost of the Project is Rs 1,885.74 crore. The company had quoted a grant of Rs 245.14 crore for the Project.
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.
