IL&FS Transportation Networks' (51:49) Joint Venture (JV) with IL&FS Engineering and Construction Company has bagged orders worth Rs 375.23 crore. The JV had submitted bids with the Madhya Pradesh Road Development Corporation (MPRDC) for two projects funded by Asian Development Bank under Madhya Pradesh District Roads II Sector Project on Item Rate basis.
The JV has emerged as the Lowest Bidder for the development of the projects. The company had quoted an amount of Rs 213.52 crore for Project 1 and Rs 161.71 crore for Project 2 respectively. The construction period for the Project 1 is 730 days and Project 2 is 548 days.
The first order is for widening and reconstruction of Bariya Choki-Lugasi-Garhi Malhara Road, Bamitha-Dumra Road, Rajnagar-Bachhon Road, Khaparia Banspahari Road and Chhatarpur-Vikrampur-Rajnagar Road. The second order is for widening and reconstruction of Barghat-Kanhiwada Road, Dharna-Asta-Dondiwada- Dharmakua Road and Waraseoni-Katangi Road.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.
