IL&FS Transport Join Hands with Gujarat Govt to Develop Eight ROBs

ADBNew Delhi: IL&FS Transportation Networks has entered into an agreement with the Gujarat government to develop eight Railways Over Bridges (ROBs) in the state.

The partnership would involve an investment of about Rs 251 crore under the PPP (public private partnership) mode.

IL&FS Transportation Networks documents filed in the BSE says, “The concession agreement was signed with the Roads & Building Department, Government of Gujarat, for development of 8 Railway Over Bridges (ROBs) in Gujarat under PPP mode on annuity basis through a subsidiary of the company,”

“The concession period of the project is 17.5 years, including construction period of 2.5 years,” further added.

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