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IL&FS Transportation Networks receives letter of award from NHAI

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Capital Market

For six-laning of Barwa-Adda-Panagarh section of NH-2

IL&FS Transportation Networks had emerged as the lowest bidder for the six-laning of Barwa-Adda-Panagarh section of NH-2 from km 398.240 to km 521.120 including Panagarh Bypass in the states of Jharkhand and West Bengal under NHDP phase V to be executed on DBFOT basis issued by National Highways Authority of India (NHAI).

The project is on toll basis with a concession period of 20 years including construction period of 910 days. The estimated cost of the project is Rs 1,665 crore. The company had quoted a premium of Rs 42 crore.

Further, the company has received a letter of award dated 05 April 2013 from the NHAI for the aforesaid project.

 

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First Published: Apr 08 2013 | 11:10 AM IST

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