IL&FS Transportation Networks has achieved the financial closure for development of the 6.5 km rail Metro Link Extension. The financial tie-up of loans aggregating to Rs 1,500 crore has been achieved and loan agreements have been executed with consortium of banks on March 26, 2013.
The company and its subsidiary - IL&FS Rail has been awarded the Rapid MetroRail Gurgaon South Extension project by the Haryana Urban Development Authority. The project is to develop the 6.5 km rail Metro Link Extension from Sikanderpur Station to Sector 56, Gurgaon on a Design, Build, Finance, Operate and Transfer (DBFOT) 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.
