IL&FS Transportation Networks on 5 April 2013 received LoA from NHAI for six laning of road project connecting Jharkhand and West Bengal.
IL&FS Transportation Networks had emerged as the lowest bidder for the six laning of Barwa-Adda-Panagarh section of NH-2 from 398.240 Km to 521.120 Km including Panagarh Bypass in Jharkhand and West Bengal under NHDP Phase-V to be executed on DBFOT Basis issued by NHAI.
The Project is on Toll basis with a concession period of 20 years including construction period of 910 days. The project is estimated to cost Rs 1,665 crore. The Company had quoted a premium of Rs 42 crore.
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