IL&FS Transportation Networks has been selected as a preferred bidder by the Chongqing Expressway Group and Chongqing State Owned Assets Supervision and Administration Commission of Chongqing (SASAC) for acquisition or 49 per cent equity stake in the 58-km Yu He Expressway connecting downtown Chongqing with Hechuan county in Chongqing, China. The project has toll concession rights till June 2032.