IL&FS Engineering and Construction Company Limited bags the project to construct a bridge
across Vasista branch of River Godavari at Narsapur

~Chief Minister of AP, Dr. YS Rajasekhra Reddy lays the foundation stone at the site~

Hyderabad, 15th April 2008: IL&FS Engineering and Construction Company Limited, a Hyderabad based construction and infrastructure development company announced that they have bagged a project for the design, construction, finance and maintenance of a Bridge across Vasista branch of River Godavari at Narsapur connecting Narsapur of West Godavari district with Sekhinatipalli of East Godavari district in Andhra Pradesh. The project is awarded to Maytas Infra by AP Road Development Corporation. Honorable Chief Minister of AP, Dr. YS Rajasekhra Reddy laid the foundation stone yesterday i.e. April 14, 08 at the site in presence of other dignitaries from the state.

The bridge which will be connecting cities of West Godavari district and East Godavari district will be 391.50 metres long. The two lane bridge will have foot path on both sides and will be connected to the cities by two approach roads.

The work is awarded to Maytas Infra today i.e. on 15th April 2008 and the financial closure of the project is expected to happen by 14th October 2008. The cost of the project is around 68 crores. The work at the site will be starting from 1st June 2008 and is expected to be complete by 31st May 2010.The Construction Period is 24 months from the date of signing the agreement, and the Concession Period is 12 years with the Annuity Period of 10 years.

“We are happy to bag this order and are looking at supporting the government in the socio economic development of the area through this project. The bridge will definitely give a much needed boost to the business activity in the region, and we at Maytas Infra are confident of completing this project on time, maintaining highest standards of quality.” said Mr. PK Madhav, CEO, Maytas Infra.