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Road contracts awarded under OPRC system to Elsamex SA

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Capital Market
Last Updated : Feb 22 2014 | 12:00 AM IST

Effective from 19 February 2014

IL&FS Transportation Networks announced that the company in joint venture with Elsamex SA, wholly owned subsidiary in Spain has been awarded a contract by Roads Department Ministry of Transport and Communications, Republic of Botswana under Output and Performance Road Contracts System (OPRC) for a period of 10 years effective from 19 February 2014. The total length of the roads to be maintained for both the contracts is 267.4 km for a toal value of US $216.7 million (approx. Rs 1348.52 crores), being financed by the World Bank.

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First Published: Feb 21 2014 | 2:42 PM IST

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