IRB Infra launches ₹981 cr Vadodara-Mumbai e-way project
IRB Infrastructure Developers, which is a wholly-owned subsidiary (SPV) — VK1 Expressway, in a recent move has fast tracked the Vadodara-Mumbai expressway project. It has recently achieved financial closure for the highway stretch for the construction of eight lane Vadodara Kim Expressway from 355.00km to 378.740km (Padra to Vadodara section of Vadodara Mumbai Expressway) in the State of Gujarat under NHDP phase -VI on Hybrid Annuity Mode (Phase IA-Package I), said an official spokesperson, claiming that with this SPV’s achievement, the company is all set to start the construction work for all three Hybrid Annuity (HAM) projects awarded to the mega infrastructure builder. IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles across the country.
