IL&FS Transportation Networks Ltd has informed BSE that:
A Consortium of Company and Ramky Infrastructure Limited in a 50:50 Joint Venture was awarded a project by Andhra Pradesh Road Development Corporation (APRDC) for the "Design, Construction, Finance, Operation and Maintenance of Four Laning of Narketpally - Addanki - Medarametla Road (SH-2) from km 0.000 to km 212.500 in the state of Andhra Pradesh under Public Private Partnership (PPP) on Build, Operate, and Transfer (BOT) Basis" ("the Project"), for which the Concession Agreement was signed on July 23, 2010. The Project is on Toll basis with a Concession Period is 24 years including Construction Period of 2.5 years. The total cost of the Project is Rs. 1760.53 Crores.
Further the Company has informed that, the Financial tie-up has been achieved and the financial documents were executed on January 11, 2011 with the bank.
Sensex
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Tuesday, January 11, 2011
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