IRB Infra bags Rs 1,500 cr project

IRB Infra bags Rs 1,500 cr project

IRB Infrastructure Developers, one of the largest BOT road developers in India, announced that it has emerged as a preferred bidder for the project of four- laning of Solapur to Yedeshi section of NH-211 (Design length 98.717 km) in the state of Maharashtra, which is to be executed as BOT (Toll) on DBFOT pattern under NHDP Phase IV.

The estimated project cost of the company is approximately Rs. 15, 00 crore with a construction period of 910 days. The concession period for the same is 29 years. IRB has sought Rs. 189 crore as Viability Gap Funding from the NHAI. This project will add to IRB´s present construction order book of Rs. 5,050 crore which is to be executed in the next two to three years. This will also provide increased visibility to the IRB.

No stories found.
Indian Cement Review
www.indiancementreview.com