IL&FS Transportation’s SPV secures order worth Rs 1,818.47 crore

19 Mar 2012

IL&FS Transportation Networks’ Special Purpose Vehicle (SPV) Kiratpur Ner Chowk Expressway has secured project worth Rs 1,818.47 crore from National Highways Authority of India (NHAI). The contract is for four laning of Kiratpur to Ner-Chowk Section of NH-21 from Km 73.200 to Km 186.500 in the State of Himachal Pradesh to be executed as BOT (Toll) on DBFOT pattern under NHDP Phase - III.

The project is on Toll basis with a concession period of 28 years including construction period of 3 years. The company had quoted a grant of Rs 134.57 crore for 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.

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