IRB Infrastructure Developers’ wholly-owned subsidiary - Kishangarh Gulabpura Tollway has received appointed date from the competent authority. Accordingly, the SPV has commenced toll collection and construction on the project from February 21, 2018.
The project involves six laning of Kishangarh to Gulabpura Section of NH 79A and NH 79 in the state of Rajasthan on DBFOT (Toll) mode, under NHDP Phase-V Package-I. The concession period of the project is 20 years including construction period of 910 days.
The total cost of this project is Rs 1,526 crore, out of which equity contribution Internal Accrual by the company will be Rs 506 crore and remaining is funded through Project Finance of Rs 1,020 crore from a Consortium of Lenders.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
