IL&FS Transportation Networks’ JV bags Rs.371.22 crore worth Chennai Metro Rail project

IL&FS Transportation Networks announced that the JV comprising of the company and PJSC Kyivmetrobud in the ratio of 70:30 was declared Lowest Bidder for the bid submitted with the Chennai Metro Rail Limited (CMRL) for design validation and construction of works of underground stations at Sir Thiyagaraya College and Korukkupet Station at cost of Rs 371.22 crore to be completed in 20 months.

“The Letter of Acceptance issued by Chennai Metro Rail was accepted on 09 January 2017 by the Company,” it informed the stock exchanges. The 70:30 joint venture with PJSC Kyivmetrobud had submitted bids with the Chennai Metro Rail (CMRL) and it was declared lowest bidder for the project, which is expected to be completed in 20 months.