IL&FS Transportation Networks’ (ITNL) joint venture (JV) in ratio of 51:49 with IL&FS Engineering and Construction Company has been awarded a new project in Madhya Pradesh. The JV has emerged as the lowest bidder for the project which has a construction period of 20 months. It had quoted an amount of Rs 175.48 crore for the project.
The JV had submitted bid with the Madhya Pradesh Road Development Corporation (MPRDC) for widening and reconstruction of Ganj-Rajnagar Road, Laundi-Mahoba Road, Nawgong-Shrinagar Road and Baxwaha-Dalpatpur Road in the state of Madhya Pradesh funded by New Development Bank under Madhya Pradesh Major District Roads Upgradation Project (MPMDRUP) on item rate basis.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.