IL&FS Transportation emerges as lowest bidder for Kerala highways project.

Infrastructure developer IL&FS Transportation Networks Ltd. has emerged as the lowest bidder for road contracts worth Rs. 289.60 crore in South Kerala.

The company had submitted bids with the Road Infrastructure Company Kerala Ltd. (RICKL) for rehabilitation of state highways and major district roads.

The projects include rehabilitation of 96.72 km length roads under Package III (A) and 97.54 km in Package III (B) under design, build, finance, maintain and transfer (DBFMT) on annuity (fixed semi-annual payment) basis. These carry a concession period of 15 years including construction period of 730 days.

The company had quoted an annuity of Rs. 35.35 crore for the project III (A) and Rs. 44.50 crore for the project III (B), it stated in a release to BSE.

BS