IL&FS Transportation Networks’ subsidiary - Jharkhand Road Project Implementation Company has signed concession agreement with Government of Jharkhand for the improvement works of Adityapur - Kandra Road in the State of Jharkhand for 15.1 km to be developed in four lanes on Built Operate Transfer (BOT) basis.
The project is on annuity basis with a concession period of 15.75 years including 0.75 year of construction period. The estimated cost of the project is Rs 241.15 crore. The company shall receive a semi - annual annuity of Rs 22.91 crore.
Earlier in June, the company had inked concession agreement with Government of Jharkhand for undertaking improvement works of Chaibasa-Kandra-Chowka Road in the State of Jharkhand for 68.7 km, to be developed in two lanes with paved shoulder on Built Operate Transfer (BOT) basis.
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.
