IRB Infrastructure Developers Limited has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a project involving four-laning of Goa- Karnataka border (84 km) to Panaji – Goa (153 km) in the state of Goa under NHDP Phase III on a buildoperate-transfer (BOT) basis.
Based on the DBFO (Design, Build, Finance and Operate) pattern, the project cost is approximately Rs. 800 crore, with the project length being 65.07 Kms. IRB gets a concession period of 30 years and the equity support from NHAI during construction phase demanded is Rs.186.30 crore. The construction period is 910 days.
V. D. Mhaiskar, chairman and managing director of IRB infrastructure Developers Ltd. said, “We are proud to bag such outstanding orders. It is sheer hard work and dedication of each and every employee. We are glad to receive this order, which manifests that the company is capable of executing large scale projects within a stipulated deadline and the construction quality is at par with the global standards.” IRB Infrastructure Developers Ltd. is an integrated infrastructure development and construction company in India with experience in the roads and highways sector. It is one of the largest private developers in India and the largest toll road operating company in India. It is an established infrastructure company in the roads sector and has a large portfolio of BOT projects.