IRB Infrastructure has been selected as the preferred bidder for the Six laning of Agra-Etawah section of National Highway - 2 public and private partnership (PPP) project in India.
The company has offered a premium of Rs810 million (US$12.6 million) to the National Highways Authority of India (NHAI). The total project investment is estimated at Rs26.5 billion (US$412.9 million).
This work is under the National Highways Development Project (NHDP) Phase-V. NH-2 connects the important industrial towns of Agra, Firozabad, Mainpuri, Etawah and other towns in the South-Western part of Uttar Pradesh. The project is covered in the region of Agra and Etawah and its total length of the road will be approximately 124.52 km.
The road PPP porject will be developed in build - operation - transfer (BOT - Toll) mode on a design, build, finance, operation and maintenance (DBFOM) basis. The contract will have a period of 24 years.
This project was awarded in 2011 to Ramky Infra and the firm achieved financial closure in late 2012, but finally its contract was cancelled.