IL&FS Transportation Networks has received Provisional Completion Certificate for the development of six laning of Ranchi Ring Road Section - VII in the State of Jharkhand implemented by Jharkhand Infrastructure Implementation Company, a wholly owned subsidiary of the Company under the Jharkhand Accelerated Road Development Programme of the Government of Jharkhand. The length of the road is 23.575 km and was completed within the construction period of 2.5 years.
Under the Concession Agreement, the Government of Jharkhand is required to pay a semi-annual annuity of Rs 55.822 crore for a period of 15 years.
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.
