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IL&FS Transportation Networks’ JV receives road contract worth $216.7 million

21 Feb 2014

IL&FS Transportation Networks in Joint Venture (JV) with Elsamex SA, wholly owned subsidiary of the Company in Spain has received a contract from Roads Department Ministry of Transport and Communications, Republic of Botswana under Output and Performance Based Road Contracts system (OPRC) for a period of 10 years effective February 19, 2014. The total length of the road to be maintained for the contract is 267.4 kms for a total value of $216.7 million (approximately Rs 1,348.52 crore), which are being financed by the World Bank.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323