IL&FS Transportation arm bags roads contract worth Rs 1,348 cr in Africa
Elsamex has secured road contract from roads department of Ministry of Transport and Communications, Botswana
Prashanth Reddy Chintala Hyderabad Infrastructure player IL&FS Transportation through its subsidiary in Spain, Elsamex SA, has bagged Rs 1,348.52 crore ($216.7 million) worth road contracts in Botswana, which are financed by the World Bank.
Elsamex has secured a road contract from the roads department of Ministry of Transport and Communications, Botswana, under the output category; and a performance-based road contracts system (OPRC) for a period of 10 years effective from February 19, 2014.
The total length of the roads to be maintained for both the contracts is 267.4 km, the company stated in a release today.