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IRB Infrastructure Developers bags prestigious Mumbai-Pune Expressway project

26 Feb 2020 Evaluate

IRB Infrastructure Developers has been awarded the prestigious Mumbai-Pune Expressway project under the Toll-Operate-Toll (TOT) model. The company has received a Letter of Acceptance (LoA) from the nodal agency, MSRDC.

The concession includes collection of toll and O&M activities on Mumbai Pune Expressway and Old Mumbai-Pune Highway NH-48 for a concession span of 10 years and 2 months, i.e., up to April 30, 2030. The company will take possession of the project with effect from March 1, 2020 and commence tolling and O&M activities.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.

Peers
Company Name CMP
Larsen & Toubro 3699.00
Kalpataru Projects 1456.60
NCC 126.90
Rail Vikas Nigam 196.00
KEC International 362.35
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