IL&FS get LoI for US$263.9mn Kiratpur Ner Chowk Expressway contract

Kiratpur Ner Chowk Expressway has given IL&FS Engineering Services (IL&FS) a letter of intent (LoI) for an engineering, procurement and construction (EPC) contract in India worth US$263.9 million (INR 14.36bn). Under the deal, IL&FS will undertake a scope of work including minor bridges, five tunnels, 18 major bridges, toll plazas, 67.3km of road work and related infrastructure. The expressway project includes the EPC contract as well as expanding the Kiratpur Ner Chowk section of the National Highway 21 in
March 15, 2013 Read time: 1 min
Kiratpur Ner Chowk Expressway has given IL&FS Engineering Services (IL&FS) a letter of intent (LoI) for an engineering, procurement and construction (EPC) contract in India worth US$263.9 million (INR 14.36bn).

Under the deal, IL&FS will undertake a scope of work including minor bridges, five tunnels, 18 major bridges, toll plazas, 67.3km of road work and related infrastructure. The expressway project includes the EPC contract as well as expanding the Kiratpur Ner Chowk section of the National Highway 21 in Punjab and Himachal Pradesh. Scheduled for completion within 1,005 days of the date of work commencement, the 84km road project will cover the districts of Bilaspur and Manali in Himachal Pradesh and Rupanagar district in Punjab.

To undertake the expressway project, ITNL created Kiratpur Ner Chowk Expressway as a special purpose vehicle.

Related Content

  • New highway in India for Jharkhand and West Bengal
    May 15, 2013
    A US$307 million highway is being built in the state of Jharkhand and West Bengal. This follows an agreement between local firm IL&FS Transportation (IL&FS) and the National Highways Authority of India (NHAI). The deal takes the form of a concession package and will be for a 20 year period. The highway is to be constructed in around 30 months and IL&FS will then operate the route on a tolled basis once it is open to traffic. The project forms part of the National Highways Development Project (NHDP) phase V.
    Read More
  • India’s capital highway project will improve transport connections
    October 10, 2017
    Huge numbers of construction machines as well as plant and equipment are working overtime, backed by mammoth manpower, to meet the targeted completion deadline of March 2018 for India’s Eastern Peripheral Expressway (EPE). The 135km arterial route is being built with six lanes and surrounds India’s National Capital, Delhi, its National Capital Region (NCR) and the industrially developed North Indian states of Haryana and Uttar Pradesh.
    Read More
  • Ethiopia road contract awarded
    March 4, 2016
    Work on a major road project now looks set to commence shortly in Ethiopia. The US$221.7 million project will be carried out by a joint venture comprising Indian contractor IL&FS Transportation Networks (IL&FS) and its fully-owned Spanish arm Elsamex. The new highway is for an 84.56km route connecting Agamsa-Bure as well as an 86.1km stretch from Nekempte-Anger Gutin-Andhode. Financing for the work is being supplied by the World Bank and the work is expected to take eight years to complete. IL&FS won the pa
    Read More
  • India’s longest tolled expressway is open to traffic
    January 2, 2013
    Earlier this year, a new expressway was opened to traffic in India, adding connectivity to the country’s road network - Mike Woof reports. India’s economic growth has fuelled a massive construction boom in the country. Road building has been set as a priority by the Indian Government to help ensure continued economic development and improve connectivity between major population centres. One major new expressway has recently opened to traffic, having been designed to international standards and provides insi
    Read More

Highlighted Content