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Construction : Web Exclusive | April 2014 | Source : Construction Update

IL&FS Transportation emerges lowest bidder for RICKL projects

IL&FS Transportation has submitted bids with the Road Infrastructure Company Kerala Ltd (RICKL) for rehabilitation of state highways and major district roads - package III (A) Total 96.72 km and package III (B) Total 97.54 km in southern region in the state of Kerala under DBFMT on annuity basis. The projects are on annuity (fixed semi-annual payment) basis with a concession period of 15 years including construction period of 730 days and the estimated cost of the project IIIA is Rs 121.44 crire and IIIB is Rs 168.16 crore. The bids were opened on April 4, 2014 and IL&FS Transportation has emerged as the lowest bidder for these projects. The company had quoted an annuity (fixed semi-annual payment) of Rs 35.35 crore for project IIIA and Rs 44.50 crore for project IIIB.
 
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