Simplex Projects – Award of Contract
Wednesday, March 5th, 2008 Simplex Projects Ltd has informed that the Company has been awarded the contract for Development and Management of Multi-level Car Parking Project at Salt Lake, Kolkata under
Built Operate and Transfer (BOT) basis under joint venture with Kolkata Metropolitan
Development Authority.
The project consists of Multi-level Car Parking for about 600 cars and a commercial complex and is to be completed within a time span of 18 months. The Company is signing the
Concession Agreement on March 06, 2008 in respect of the above project with the Kolkata
Metropolitan Development Authority.
The Company is also entering into a Memorandum of Understanding with the Future Group in respect of the leasing of the Commercial Complex.
