IL&FS Transportation Networks has achieved the financial tie-up of loans aggregating to Rs 1,704.40 crore for construction of six laning of Barwa Adda Panagarh section of NH 2 and loan agreements have been executed with Induslnd Bank and IL&FS Financial Services.
The company was earlier issued a letter of award by the National Highways Authority of India (NHAI) for development and operation of six laning of Barwa Adda Panagarh Section of NH-2 from Km 398.240 to Km 521.12 including Panagarh Bypass in the States of Jharkhand and West Bengal under NHDP Phase Y on DBFOT pattern for which the Concession Agreement was also signed with NHAI on May 08, 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 2,434.86 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.
