IL&FS TN submitts bid for project worth Rs 6.51 bn

IL&FS Transportation Networks announced Tuesday it had submitted bid for project worth Rs 6.51 billion. The company had quoted a grant of Rs 2.47 billion for project.

The public works department, government of Rajasthan for development and operation of Sikar-Bikaner section from Km 340.188 of NH-11 to km 557.775 of NH-11 via Sikar Bypass and Bikaner Bypass from km 553.869 of NH-11 to km 267.325 of NH-89 for two laning with paved shoulder in the State of Rajasthan through public-private partnership on design, build, finance, operate and transfer (DBFOT) basis.

The project is on toll basis with a concession period of 25 years including construction period of 2 years. Further, the company was the sole bidder for the project.