IL&FS Transportation Networks Ltd has achieved commercial closure for the Amravati-Chikhli and Fagne-Gujarat/Maharashtra border sections of National Highway NH-6 in Maharashtra, India.
The two concession agreement for the road PPP projects were signed on 8 September.
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:
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 sectiosn of National Highway NH-6.
Development of these roads will also help uplift the socio-economic condition of this region of the state.