IL&FS Bags Contract For Development Of Road Project In Laos
IIPL Laos Pte Ltd, Singapore, a wholly owned subsidiary of the IL&FS Transportation Networks Limited has entered into a contract for rehabilitation and development works of the National Road No 1 (section F) with a length of 165 km including construction of 33 new bridges ("Project") in the People's Democratic Republic of Laos. The contract is awarded to a consortium in which IIPL Laos Pte Ltd is the lead member having 90% stake.
The construction period for the project is 42 months, estimated cost is INR 11000 million. The payment for the contract is committed from the Government of Laos and payable based on milestones over a period of 7 years of which 60% is payable during the construction period.
- Bagged By:
- Country:Lao Peoples Democratic Republic
- Value:INR 11000 Million
- Published On:2017-05-11