Adding to its project portfolio in the country’s road sector, IL&FS’s promoted joint venture, Transportation Networks and IL&FS Engineering and Construction Company with a ratio 51:49 partnership, has recently secured a road project entailing an investment of Rs.175.78 crore. The company was recently declared the lowest bidder for package number P-2 by the Madhya Pradesh Road Development Corporation (MPRDC) for widening of the existing road stretch. The scope of work in the project covered the reconstruction of Ganj-Rajnagar Road (MP-MDR-35-02), Laundi -Mahoba Road (MP-MDR- 35-11), Nawgong- Shrinagar Road (MP-MDR-35-04), and Baxwaha-Dalpatpur Road (MP-MDR-35-18). The mega road projects are being financed by New Development Bank under Madhya Pradesh Major District Roads Upgradation Project (MPMDRUP). In this connection, a Letter of Award has already been issued by MPRDC to the joint venture and the project is to be completed within a span of 20 months, said an official spokesperson.
📅Published on:
01 April 2017
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