IRB Infrastructure Developers’ associate company -- IRB Infrastructure Trust has received Letter of Award (LoA) from National Highways Authority of India (NHAI) for Rs 4,428 crore Lalitpur Lakhnadon NH44 TOT 12 project. This will now enable the Trust to form Project SPV and proceed for signing Concession agreement and the financial closure subsequently in a stipulated time frame.
The award of this project will boost IRB’s order book by Rs 3,900 crore that includes Rs 600 crore towards EPC and balance Rs 3,300 crore towards O&M activities. The Trust had recently emerged as a Preferred bidder for around 316 Kms (around 1,264 Lane Kms) long stretch under Toll-Operate-Transfer (TOT) model for the revenue linked Concession of 20 years; thus, marking entry in the State of Madhya Pradesh – 12th Indian State for IRB Group.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
