IL&FS Transportation Networks Ltd has emerged as the lowest bidder for the Amravati-Chikhli and Fagne-Gujarat/Maharashtra border sections of National Highway NH-6 in Maharashtra, India.
The projects will be developed under the National Highways Development Project (NHDP) Phase IV in build, operate and transfer (BOT - Toll) mode on design, build, finance, operate and transfer (BOT/DBFOT)basis. The two road PPP projects involve:
- Four laning of the 141 km road linking Fagne, Gujarat and Maharashtra Border. The road is s section of NH-6 in the state of Maharashtra from km. 510.000 to km. 650.794. The concession for the project will be 19 years including construction period of 910 days and the estimated cost of the Project is Rs18.8 billion (US$295.4 million).
- Four laning of the 194 km road linking Amravati and Chikhli. The road is a section of NH-6 in the state of Maharashtra from Km. 166.000 to Km. 360.000. The concession for the project will be 19 years including construction period of 910 days and the estimated cost of the Project is Rs23 billion (US$361.4 million).
The main object of these projects is to expedite the improvement of infrastructure in the state of Maharashtra and also in reducing the time and cost of travel for traffic, particularly heavy traffic, plying between Amravati-Chikhli and Fagne-Gujarat/ Maharashtra border section of National Highway NH-6 in Maharashtra.
Development of these roads will also help uplift the socio-economic condition of this region of the State. It will also increase employment potential for the local labourers for project activities.