IRB Infrastructure Developers arm executes concession agreement with NHAI

New Delhi: IRB Infrastructure Developers on Friday said that its wholly-owned subsidiary Samakhiyali Tollway Private Ltd has executed concession agreement with NHAI for Samakhiyali Santalpur Build, operate, transfer (BOT) project in Gujarat. In a statement, the company said it is a 6-lane project of 90.90 kilometres stretch on NH27 with the cost outlay of project is Rs 2,132 crore.

Project has a concession period of 20 years

The project has a concession period of 20 years from the appointed date, including two years construction period, it added. IRB Infrastructure Developers Ltd (IRB) Integrated Infrastructure player in the highways segment has an asset base of over Rs 70,000 crore in 11 states across the parent company and two InvITs.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)