Update on signing of Concession Agreement with the Government of Gujarat (R&BD, GoG) for Development of 8 ROBs in the State of Gujarat on BOT Annuity Basis ("the Project")

• Security Code: 533177
• Company: IL&FSTRANS

IL&FS Transportation Networks Ltd has informed BSE that the Concession Agreement was signed on March 25, 2015 with the Roads & Building Department, Government of Gujarat for development of 8 Railway Over Bridges (ROBs) in the State of Gujarat under PPP Mode on Annuity basis through a subsidiary of the Company.

The Project has a Concession Period of 17.5 years (incl. construction period of 2.5 years) at a Total Project Cost of Rs. 250.85 Crores. The Semi-Annual Annuity payable will be Rs. 21.99 Crores for a period of 15 years.