's BOT portfolio is a healthy mix of annuity and toll-based projects.
A 30-year Concession Agreement was signed for the project between HE Taresh Eid Mohammad Al Mansouri, director general of Dubai Courts; Ravi Sreehari, CEO of ITNL
's MENA region; and Ahmed Alkhoshaibi, group CEO of KBW Investments and managing director of NGP.
Infrastructure Developers, a subsidiary of India's IL&FS Transportation Networks Limited (ITNL
), will also work on the project.
M2 EQUITYBITES-January 16, 2014-Digital Technology Itnl
buys Applied Discovery
NKEL is a special-purpose vehicle (SPV) promoted by Infrastructure Leasing & Financial Services Ltd (IL&FS), IL&FS Transportation Networks Ltd (ITNL
), and Punj Lloyd Ltd (PLL) to design, develop, construct, operate, and maintain a 77-kilometre (km) stretch of the Belgaum Maharashtra Border Road on National Highway (NH)-4.
NKEL is promoted by a consortium of Infrastructure Leasing & Financial Services Limited (IL&FS), Punj Lloyd Limited (PLL) and IL&FS Transportation Networks Limited (ITNL
) management and supervision partner for the operations and maintenance (O&M) of the project and commencement of tolling on various stretches.