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IL&FS Transportation Networks bids for RICKL road projects

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Capital Market

Emerges lowest bidder

IL&FS Transportation Networks has submitted bids to the Road Infrastructure Company Kerala for Rehabilitation of State Highways and Major District Roads - Package III (A) Southern Region total 96.72 Km and Rehabilitation of State Highways and Major District Roads - Package III (B) Southern Region total 97.54 Km in the state of Kerala under DBFMT on annuity basis.

The projects have a concession period of 15 years including construction period of 730 days and the estimated cost of the Project III (A) is Rs 121.44 crore and project III (B) is 168.16 crore.

The bids were opened on 04 April 2014 by RICKL and the Company has emerged as the lowest bidder for the aforesaid projects.

 

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First Published: Apr 07 2014 | 10:55 AM IST

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