Parsvnath Developers today announced a joint venture consortium with the Spanish infrastructure company Constructora San Jose.

The consortium has submitted a Request for Qualification to National Highways Authority of India and has qualified to submit a financial bid for construction of an elevated expressway in the National Highway 4, a press release said.

The contract is valued at Rs 1,220 crore and involves construction, engineering, designing, financing, procurement and operation of a 19 km long four-lane elevated expressway on National Highway 4 between Chennai Port and Maduravoyal in Tamil Nadu.