Ramky Infrastructure Ltd has commenced commercial operations (tolling activities) at the four-lane Narketpally-Addanki-Medarametla Road (State Highway-2) in Andhra Pradesh with effect from March 11, 2014.
The tollway road project was awarded to the joint venture of Ramky Infrastructure Ltd and IL&FS Transportation Networks Ltd in the ratio of 50:50 by the Andhra Pradesh Road Development Corporation.
According to a statement to the exchanges, the project is based on toll collection with a concession period of 24 years including 2½ years of construction period.
To ease the liquidity concerns, the company's board of directors last month discussed the possibilities of sale of some of its operational road assets.