IRB Infrastructure Developers’ wholly owned Subsidiary -- IRB Hapur Moradabad Tollway -- has now executed concession agreement with National Highways Authority of India (NHAI) for the project of Six Laning of Hapur bypass to Moradabad section including Hapur bypass from Km 50.000 to Km 148.277 of NH 24 in the State of Uttar Pradesh on DBFOT basis under NHDP Phase V Project.
The concession period of the project is 22 years including construction period of 910 days. Total cost of the project is around Rs 3,421 crore. The company has offered premium of Rs 31.5 crore to NHAI to be payable from 4th year 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.
