IRB Infrastructure bags six laning project from NHAI – Feedback

IRB Infrastructure Developers Ltd (IRB), India’s leading and one of the largest BOT road developers in India, announced that it has emerged as a preferred bidder for the project of Six Laning from Kishangarh – Udaipur – Ahmedabad Section of around 125 Kms in the State of Rajasthan. The said section of NH-79 will be from km 90.00, near Gulabpura to km 214.870 at the end of Chitorgarh bye pass.

The project is on DBFOT (Toll) Pattern, under NHDP’s Phase V (Package-V) with Project Length of approx. 125 Kms. The concession period of the project is 20 years including construction period of 910 days. The Company has offered premium of Rs. 228.60-cr to NHAI in terms of the concession agreement and will get tolling rights on Project From the appointed date. Subject to award, IRB’s construction order book will stand to increase to approximately Rs. 11,300cr, to be executed in the next four years. This will boost the Company’s construction orderbook visibility for next three to four year.

http://www.nbmcw.com/news/35229-irb-infrastructure-bags-six-laning-project-from-nhai.html

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