IRB Infrastructure Developers’ wholly-owned subsidiary - Udaipur Tollway, incorporated for implementation of six lanning from Udaipur to Rajasthan/Gujarat Border project has received the appointed date from the Competent Authority. Accordingly, the SPV has started toll collection and also construction on the project from September 3, 2017.
The Project is on DBFOT Pattern and the concession period of the project is 21 years including construction period of 910 days. The company started toll collection on the Project from appointed date. The company has offered premium of Rs 163.80 crore to NHAI. The premium payment will commence after three years from the appointed date in terms of the concession agreement.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
