IL&FS Transportation receives LOA from NHAI for Sikar-Bikaner section

02 Jul 2012

IL&FS Transportation Networks has received letter of award (LOA) from National Highways Authority of India (NHAI) for development and operation of Sikar-Bikaner section from 340.188 km of NH-11 to 557.775 km of NH-11 via Sikar Bypass and Bikaner Bypass from 553.869 km of NH-11 to 267.325 km of NH-89 by two laning with paved shoulder in the Rajasthan State through Public-Private Partnership on design, build, finance, operate and transfer (DBFOT) basis.

The project is on toll basis with a concession period of 25 years including construction period of 2 years and the estimated cost of the project is Rs 650.84 crore. The company had quoted a grant of Rs 247.32 crore for the project.

Further, the concession agreement for the project was signed on June 29, 2012 between NHAI and Sikar Bikaner Highway, the special purpose vehicle incorporated by the company for undertaking the 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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