IL&FS Transportation Networks in a joint venture (JV) with PJSC Kyivmetrobud has bagged an order worth Rs 371.22 crore from Chennai Metro Rail (CMRL). The order is for design validation and construction of underground stations.
The Letter of Acceptance issued by CMRL was accepted on January 9 by the company. The 70:30 joint venture with PJSC Kyivmetrobud had submitted bids with the Chennai Metro Rail (CMRL) and it was declared lowest bidder for the project, which is expected to be completed in 20 months.
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.
