IL&FS Transportation Networks' joint venture (JV) with IL&FS Engineering and Construction Company (51:49) have received LOA for Package No. P-2 from Madhya Pradesh Road Development Corporation (MPRDC) worth Rs 175.48 crore. The scope of work includes widening and reconstruction of Ganj-Rajnagar Road, Laundi-Mahoba Road, Nawgong Shrinagar Road and Baxwaha Dalpatpur Road and is being funded by New Development Bank under Madhya Pradesh Major District Roads Upgradation Project (MPMDRUP). The work is to be completed within 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.
