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IL&FS consortium bags Rs 1,094 cr project in MP

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IL&FS Transportation Networks, in consortium with Spanco, emerged as a lowest bidder for a project with the M P Road Development Corporation. The project involves up-gradation, modernisation, development, operation and maintenance of 24 border check posts across the state of Madhya Pradesh on build operate and transfer basis.

The Project is fee based with a concession period of 4,566 days and the estimated cost of the project is Rs 1,094 crore. IL&FS has received a letter of award from for the project. will hold 51 per cent in the consortium whereas its partner will hold 49 per cent of total equity capital.

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