Nepal’s Kathmandu-Terai Fast Track road to be built under annuity model?

India's Infrastructure Leasing & Financial Services (IL&FS) has offered to build the 76km, US$1.01 billion Kathmandu-Terai Fast Track road in Nepal under an annuity model, proposing that the government issue a global tender. This model is suitable as investors, including IL&FS and other Indian firms Reliance Infrastructure and Larsen & Toubro, have proved unwilling to undertake the project under a BOOT system. The Kathmandu-Terai Fast Track road will carry an estimated 3,000 vehicles a day.
March 31, 2014 Read time: 1 min
India's Infrastructure Leasing & Financial Services (3148 IL&FS) has offered to build the 76km, US$1.01 billion Kathmandu-Terai Fast Track road in Nepal under an annuity model, proposing that the government issue a global tender. This model is suitable as investors, including IL&FS and other Indian firms 1234 Reliance Infrastructure and 6458 Larsen & Toubro, have proved unwilling to undertake the project under a BOOT system. The Kathmandu-Terai Fast Track road will carry an estimated 3,000 vehicles a day.
Road Structures

For more information on companies in this article

Related Content

  • San Miguel Corp is among bidders in Cavite-Laguna re-auction
    March 19, 2015
    San Miguel Corporation, Metro Pacific Investments Corporation and an unidentified firm reportedly are bidding in the US$1.25 billion re-auction for work on the Cavite-Laguna Expressway. The deal involves building, operating and maintaining the 47km four-lane toll road for 35 years under a public-private-partnership. The sum includes a $448 million bid price, equal to the premium offered by SMS subsidiary Optimal Infrastructure Development during the first tender for the project in June 2014. San Miguel was
    Read More
  • Indian road projects approved in 11 states
    September 12, 2016
    India is embarking upon a series of large road upgrade projects. In all 16 roads will be improved in 11 states, with a total length of 622km. The work will cost US$1.12 billion in all to carry out and the timeline for the tendering process has yet to be announced. The projects will be carried out in the states of Arunachal Pradesh Andhra Pradesh, Assam, Chhattisgarh, Gujarat, Haryana, Maharashtra, Odisha, Sikkim, Uttarakhand and West Bengal. Meanwhile Ashoka Concessions has been awarded the $311 million
    Read More
  • L&T and Delma bid for US$273.71mn Abu Dhabi road project
    April 12, 2013
    A joint venture between India’s Larsen & Toubro (L&T) and UAE-based Delma Engineering (Delma) has reportedly emerged as the best bidder for a US$273.71 million (INR 15bn) road project in the Emirates. Indian daily newspaper The Economic Times says the Abu Dhabi Department of Transport-led project involves widening the Mafraq to Al Ghweifat highway. It will be built over a period of 30 months. The joint venture also bids for another two road projects in Abu Dhabi, according to The Economic Times.
    Read More
  • Russia’s trans-continental route
    August 10, 2018
    Russia is spending US$10 billion on building a 2,000km section of road connecting China with the EU – Eugene Gerden reports Russia has now started building a 2,000km section of a new transcontinental route, which will connect China and the EU. According to senior officials from the Russian Ministry of Transport, which is implementing the project, the new road, will be known as the Meridian and will stretch through the Russian territory that borders with Kazakhstan and Belarus. This route forms the Russian
    Read More

Highlighted Content