Ircon International (IRCON) has emerged as the lowest bidder for construction of 8-Lane Access Controlled Expressway (Bhoj to Morbe Section-SPUR of Vadodra Mumbai Expreesway) in the State of Maharashtra on Hybrid Annuity Mode under Bharatmala Pariyojana (Phase 11 - Package XVII).
The project was floated by National Highways Authority of India (NHAI) on competitive bidding and value of the project is around Rs 1436 crore (Bid Project Cost). The completion period of the project is 2.5 years. This work will be undertaken & executed by a Special Purpose Vehicle (‘Concessionaire’ as a limited liability company) which shall be incorporated by IRCON as its Wholly-Owned Subsidiary Company.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
