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IL&FS Transportation Networks’ arm looking to sell 49% stake in Chongqing Yuhe Expressway

IL&FS Transportation Networks’ wholly owned subsidiary — ITNL International is looking to sell its 49 percent stake in Chongqing Yuhe Expressway Company in China. The balance 51 percent is owned by local partner Chongqing Expressway Group, one of the largest state-owned enterprises in China’s Chongqing with USD25 billion in assets.

IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.

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