IRB Infra receives LoA for BOT project in WB & HAM project in HP

IRB Infrastructure Letter of Awards from the National Highways Authority of India for two projects

IRB Infrastructure Developers Ltd (IRB) has received the Letter of Awards from the National Highways Authority of India for two projects; one in West Bengal and the other in Himachal Pradesh.

The first project includes six laning of National Corridor NH-19 from Palsit to Dankuni (up to NH-6 Connector) from km. 588.870 to km. 652.700 (total design length 63.830 km) in West Bengal under the Bharatmala Pariyojana to be executed on BOT (Toll) basis. The project cost is ₹2,421 crores.

The second project includes rehabilitation and up-gradation to Four Lane configuration & Strengthening of Punjab/HP Border to Mo from Km 11.000 to Km 42.000 (Design Length 28.700 KM) of NH-20 (New NH-154) of Pathankot-Mandi Section in Himachal Pradesh on Hybrid Annuity Mode (HAM) (Package-IA). The Construction Period is of 730 Days and the Operation Period of 15 years commencing from COD.

Virendra D. Mhaiskar, Chairman & MD of IRB Infrastructure Developers Ltd. said, “We are pleased to add two more projects to our portfolio taking total wins to ₹5,004 Crores across 3 new projects in the current financial year, which amounts to 5% of NHAI’s total awards on PPP model during the year. Once commissioned, these projects will ease the traffic movement in the region and facilitate quicker developments in the region. We are committed to build the world-class highway infrastructure with high safety standards to bring quality connectivity among various regions within India.”