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

  • Key Botswana road network gets an upgrade
    June 30, 2014
    Representing an investment of around US$113 million, Botswana’s A1 national road between Tonota and Francistown is undergoing a major upgrade This single-lane section is being progressively transformed into a north- and southbound dual carriageway, crossing four existing river bridges along the way. A strategically important transportation route for both Botswana and the southern African region, the A1 passes through Francistown, the nation’s second largest city, heading northwards to end at the Zimbabwe b
    Read More
  • India tollway deal plus work for roads, bridges and tunnels
    July 11, 2017
    A 21-year concession deal has been agreed for the widening project for a 114km stretch of road linking Gujarat and Rajasthan states in India. The route will be widened to six lanes, with three in either direction. The project financing is worth over US$226 million, with a group of lenders having agreed the terms for the project with the National Highways Authority of India (NHAI). The agreement has been achieved by Udaipur Tollways, disclosed IRB Infrastructure Developers, which owns the special purpose veh
    Read More
  • Financial footing for Indian tunnel/highway project
    September 8, 2014
    Funding has been found to finance India’s infrastructure investment into National Highway 1 in Jammu & Kashmir. A deal by ICICI Bank and Srinagar Sonmarg Tunnelway is providing the necessary loans for the Srinagar-Sonamarg-Gumri road and tunnel link. The project involves building a 6km road and 6.5km tunnel and the concession deal also involves maintenance and operation of the link. Srinagar Sonmarg Tunnelway, is a 49:51 joint venture combined of IL&FS Transportation Networks and Soma Enterprises.
    Read More
  • Indian road contracts awarded
    January 31, 2022
    Two major Indian road contracts have been awarded.
    Read More

Highlighted Content