MoneyWorks4Me

IL&FS Transportation Networks’ arm bags contract approximately Rs 175.65 crore

12 Dec 2012 Evaluate

IL&FS Transportation Networks’ wholly owned subsidiary in Spain - Elsamex S.A, a 50:50 consortium with ASCON Road Construction LLC, UAE had participated in the bid tendered by the Department of Transport, Government of Abu Dhabi, UAE for the performance based contract for the Maintenance of Abu Dhabi Al Ain Highway (E22) and Truck Road (E30/E40) the key strategic highway between Abu Dhabi and Al Ain.

The consortium has been awarded the aforesaid contract for maintenance of 512 Km of road sections with approx. 1,238 lane kilometers for a period of 2 years

The estimated total contract value is AED 118.4 Million (approximately Rs.175.65 crore) which includes share of Elsamex S.A. of AED 59.2 Million (approximately Rs.87.82 crores)

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.

Peers
Company Name CMP
Larsen & Toubro 3819.50
Kalpataru Projects 1390.30
NCC 135.00
Rail Vikas Nigam 197.10
KEC International 397.60
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