Adani & IRB kicks off Bharatmala Pariyojna work on Burdwan highway

The Ahmedabad based Adani Group and Mumbai based IRB Infrastructure have started construction of the ₹4,215 crore six-laning project of two stretches of NH 19. They began with basic works between Bud and Galsi stretch of the highway in Burdwan (East). The 131-km venture is being executed in two parts from Panagarh in Burdwan (West) to Palsit in Burdwan (East) and from Palsit to Dankuni in Hooghly under the Bharatmala Pariyojna.

Swapan Mallik, Project Director, NHAI, informed that Adani Group has offered an 11.5 per cent premium of the capital cost of the Panagarh – Palsit stretch, and the IRB Infrastructure has offered to pay the highest 10.8 per cent premium for the Palsit to Dankuni stretch. The Centre has revised the Model Concession Agreement (MCA) for BoT projects, under which the revenue potential of a project would be reassessed every 5 years during the concession period as against every 10 years previously to emphasize the certainty of cash flows.