Hyderabad January 8, 2014: IL&FS Transportation Networks Ltd and Ramky Infrastructure Ltd have completed the execution of a four-lane road project in Andhra Pradesh.
According to a statement filed with the BSE, the project is a four-lane road stretch of 212 km in the Narketpally-Addanki-Madarametla road of State Highway awarded by the Andhra Pradesh Road Development Corporation.
The project has received certificate of completion. It was executed by the IL&FS Transportation and Ramky Infra as a 50-50 venture.
The project is a tollway with a concession period of 24 years including 30 months as construction phase.Business Line