IL&FS Transportation Networks has achieved the financial tie-up of loans aggregating to Rs 1,325.00 crore for four laning of Khed-Sinnar section of NH-50 and loan agreements have been executed with Yes Bank.
The company was earlier issued a letter of award by the National Highways Authority of India (NHAI) for four laning of Khed-Sinnar section of NH-50 from Km 42.000 to Km 177.000 (design length - 137.946 km) in the state of Maharashtra under NHDP Phase IV on Design, Build, Finance, Operate and Transfer (DBFOT) basis for which the Concession Agreement was also signed with NHAI on May 09, 2013. The project is on toll basis with a concession period of 20 years including construction period of 910 days and the estimated cost of the project is Rs 2,015.29 crore.
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.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
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