IL&FS unit to sell 49% stake in Chongqing Yuhe expressway

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

India-based ITNL International, a wholly-owned unit of IL&FS Transportation Networks of IL&FS Group is looking to sell 49 percent of the equity stake in Chongqing Yuhe Expressway Company Limited. The project is located in China. The remaining 51% stake is owned by a local Chinese company Chongqing Expressway Group.

Chongqing Yuhe Expressway project includes the development of 2-lane dual carriageway of 58.72 km long connecting inner ring road of Yu Bei district and  Hechuan County. The project also includes 55 bridges, 5 tunnels, and 2 Interchanges along the carriageway. 

Chongqing Yuhe Expressway Company Limited has toll rights and guaranteed annual subsidies in China. The expressway commenced operations in 2002 and has concession period till 2032.

Share this update