Parsvnath Developers, India`s leading infrastructure and real estate developer, has announced a joint venture (JV) with Constructora SAN JOSE, a subsidiary of Group SAN HOSE, a leading infrastructure company in Spain.

Under the terms of the contract, Parsvnath Developers and SAN JOSE will hold equal equity in the consortium. The consortium will be known as The SANJOSE – Parsvnath Consortium. As per the contract, the JV company will jointly bid for the upcoming infrastructure development works in the country in the field of transportation, aviation, power generation and transmission. The company would execute projects through floating project specific SPVs.

SANJOSE – Parsvnath Consortium had submitted request for qualification (RFQ) to National highways Authority of India (NHAI) and has been qualified to submit the financial bid for the construction of an elevated expressway on NH-4. The contract valued at Rs 12.2 billion, involves construction, designing, engineering, financing, procurement and operation & maintenance of a 19 km long 4-lane elevated expressway between Chennai port & Maduravoyal on NH-4.

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