IRB Infrastructure wins $526m road PPP project in India

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IRB Infrastructure wins $526m road PPP project in India

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IRB Infrastructure has informed that it has emerged as a preferred bidder and received Letter of Award from the National Highways Authority India (NHAI) for the project of Four Laning of Yedeshi - Aurangabad section of NH-211 from km 100.000 to km 290.200 (design length 190 km) in the state of Maharashtra to be executed as BOT (Toll) on design, build, finance, operate and transfer (DBFOT) pattern under the National Highways Development Program (NHDP) Phase - IV.

The estimated project cost is approximately Rs. 32,000 million (US$526 million).

IRB Infrastructure will be responsible for the contract for a period of 26 years.  The firm estimated the construction period will last for 910 days.

IRB Infrastructure has sought Rs. 5580 million (US$91.82 million) as Viability Gap Funding from NHAI.

The project will expedite improvement of infrastructure in Maharashtra and also reduce the time and cost of travel for traffic, particularly heavy traffic, plying between Aurangabad-Yedeshi section of National Highway-211. This stretch is a link between NH-3 and NH-4 in Maharashtra and shall be giving feeder traffic to 'Yedeshi-Solapur' meeting Golden Quadrilateral NH-4 at solapur city.

The Request for Qualifications for this project was published in November 2012. The project was approved by the India's Cabinet Committee on Economic Affairs in October 2013.

IRB Infrastructure announced on December 26th, 2013, that it had achieved financial closure for the Four Laning of Goa/Karnataka Border to Kundapur section of NH-17 from Km 93.700 to Km 283.300 in the state of Karnataka.

IRB Infrastructure also informed in December 2013 it had emerged as a preferred bidder for the project of Four laning of the Solapur-Yedeshi section of National Highway NH-211 from km 0.000 to km 100.000 in the state of Maharashtra.

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