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| Exchange Disseminated Time | IL&FS Transportation Networks Ltd has informed BSE that the Company alongwith its wholly owned subsidiary, Elsamex SA was declared as the lowest bidder in the bids submitted to Madhya Pradesh Road Development Corporation Limited for upgradation of 2 road projects namely, (i) Bandri-Jaruwakheda, Nirtala-Mandi-Bamora and Damoh-Hindoriya-Patera Sections comprising of 76.23 kms and (ii) Pachawali - Rannod, Rannod- Pichhore, Bhasula-Chainpur, Vijaypur- Dhanrawad and Ashok Nagar-Thubon Sections comprising of 110.62 kms aggregating to 186.85 kms (“the Projects”) in the State of Madhya Pradesh on Output and Performance based Road Contract
The upgradation cost of the Projects is Rs. 315 Crores. The Authority will additionally pay a sum of Rs. 13.06 Crores towards maintenance of the Projects over a period of 5 years
The Projects has been undertaken by Government of Madhya Pradesh under the loan secured from the Asian Development Bank. |
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