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.
