IRB Infrastructure Developers’ wholly owned SPV -- IRB Westcoast Tollway has received Provisional Completion Certificate from the Competent Authority after completing project of four laning of Goa/Karnataka Border to Kundapur section of NH-17 from Km 93.700 to Km 283.300 in the State of Karnataka under NHDP phase IV on Design, Build, Finance, Operate and Transfer (Toll) Basis. Consequently, the SPV has commenced toll collection on the Project.
The concession period of the project is 28 years, while the cost of the project is around Rs 3,447 crore. The company had bagged this Project on Viability Gap Funding (VGF) basis and sought Viability Gap Funding of Rs 536.22 crore from NHAI.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
