IL&FS Transportation Networks has achieved financial tie-up of loans aggregating to Rs 1,474.86 crore for four laning of Kiratpur to Ner-Chowk section of NH-21. The company has also executed loan agreement with Yes Bank on March 29, 2012.
Earlier, IL&FS Transportation Networks was issued a letter of award by the National Highways Authority of India (NHAI) for four laning of Kiratpur to Ner-Chowk Section of NH-21 from 73.200 km to 186.500 km in the State of Himachal Pradesh to be executed as BOT (Toll) on DBFOT pattern wider NHDP Phase - III for which the concession agreement was also signed with the NHAI.
The project is on toll basis with a concession period of 28 years including construction period of 3 years and the estimated cost of the project is Rs 1,818.47 crore. 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.
