IRB Infrastructure Developers’ special purpose vehicle (SPV)--IRB MP Expressway has received a Commencement Order from the Competent Authority. Consequently, the SPV has started toll collection from March 1, 2020 on both Expressway and NH-48 section of Mumbai-Pune Project.
IRB to pay upfront payment of Rs 6500 crore to MSRDC and a further staggered payment of Rs 850 crore in year 2, Rs. 850 crore in year 3 and Rs 62 crore in year 4, aggregating to Rs 8,262 crore for Sub-Concession Period of 10 years and 2 months. The project is on Tolling, Operation, Maintenance and Transfer basis. Project Length is approximately 205.40 Kms. including Expressway and NH-48 section of Mumbai-Pune Corridor. The Sub-Concession Period of the project is until April 30, 2030 i.e. 10 years and 2 months.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
