Home » IL&FS mulls to up its toll to Rs 12 cr/day by 2015

IL&FS mulls to up its toll to Rs 12 cr/day by 2015

IL&FS mulls to up its toll to Rs 12 cr/day by 2015

IL&FS Transportation Networks India hopes to increase its daily collection by way of annuity and toll from Rs.2 crore a day now to Rs 12 crore a day by 2015-16, Executive Director Mukund Gajanan Sapre told a newspaper. IL&FS Transportation Networks India is devising a multi-pronged approach to work around the road blocks.

For the Rs 21,000-crore Churchgate-Virar elevated rail corridor project in Mumbai that it plans to bid for, the IL&FS group company is in talks with international firms to partner it. It also plans to explore markets such as Africa and West Asia for new projects and to add to existing overseas operations.

IL&FS Transportation acquired road maintenance company Elsamex SA in Spain in 2008 and a road project in China in 2011. The company will simultaneously focus on projects in Jammu and Kashmir, and Jharkand that are perceived “as riskier projects by other companies for geopolitical reasons”, said Sapre.

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