Maytas Infra led Consortium bags Gulbarga and Shimoga Airport Contracts

Hyderabad, 20th November 2007: Maytas Infra today announced that the Infrastructure Development Department, Government of Karnataka has selected a consortium of Maytas Infra, NCC Infrastructure Holdings Ltd (NCC) and VIE India Project Development and Holding LLC (VIE) to develop and operate airport proposed at Gulbarga and Shimoga on BOT basis. These would be Green field projects under PPP (Public Private Partnership).

Two separate Special Purpose Companies will be set up for the above said purpose where the details of Consortium Partners and Shareholding pattern of Maytas Infra, NCC and VIE are 37%, 37% and 26% respectively. The Construction Period is 24 months from the date of signing the agreement and the Concession Period is 30 years and the Agreement shall at the option of Consortium be extended for a further period of 30 years.

Development of Airports in these cities will eventually lead to Airside and Landside development which will include construction and development of runway, terminal, ancillary buildings and all other infrastructure. Once the project starts, these cities will see an all round development in and around the airport including better road connectivity, facilities for VIP movements, construction of Hotels, convention centers, business, corporate and technology parks, recreation facilities etc. This 360` development will improve the lifestyle of the cities along with generating huge employment opportunities.

About Maytas Infra

IL&FS Engineering and Construction Company Limited, Hyderabad-based infrastructure development company is one of the leading Infrastructure Development, Construction and Project Management Companies in India with more than two decades of rich and varied experience in executing projects under various domains such as Buildings & Structures, Transportation, Water, Energy and BOT. Maytas Infra currently employs 1850 professionals. Maytas Infra is an ISO 9001 - 2000 certified company, committed to the highest standards of quality.