IL&FS Transportation Networks (ITNL), the largest Owner of BOT roads in India and a subsidiary of the leading infrastructure developer, Infrastructure Leasing and Financial Services (IL&FS) has signed a Memorandum of Understanding (MoU) with East Nippon Expressway Company (NEXCO East), the leading Japanese Expressway Construction and Operation Company. ITNL Group currently manages over 34,000 lane kms of highways of which about 12,000 are in India
NEXCO East, since its establishment in October 2005, manages and constructs expressways in eastern Japan. As of date, NEXCO East manages approximately 3,720 kms of expressways, which are used by approximately 2.7 million customers every day with toll revenue of close to $7 billion /annum in 2012. Further, about 280 kms of expressway is currently under construction by NEXCO East The partners to the MoU believe that the Market for expressways in the country is on verge of take off and will become a large programme and hence wish to work together through a strategic alliance for implementation of PPP road projects. The alliance aims at utilizing Japanese technology as well as Japanese finance; both companies will jointly carry out technical and prefeasibility studies, and other related works, of potential road projects in India for implementation -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/globalspeculators. For more options, visit https://groups.google.com/groups/opt_out.
