IL&FS arm in Spain bags 2 road contracts of Portugal govt

IL&FS Transportation Networks' Spain subsidiary has got two road maintenance contracts of the Estradas de Portugal, the Roads Development Company of the government of Portugal.

The Spain arm of IL&FS Transportation Networks, Intevial Gestao Integral Rodoviaria SA, (a wholly owned subsidiary of Elsamex S.A) has got the two contracts. They are (i) Maintenance of roads in the city of Oporto comprising of 338 lane km for a period of 2 years and (ii) Maintenance of road in the city of Lisbon comprising of 431 lane km for a period of 1 year aggregating to 769 lane km effective April 01, 2013.

The estimated total contract value is Euro 5.95 million (approx. contracts by Estradas de Portugal (the Roads Development Company of the Government of Portugal) for maintenance of 2 road projects million).