IRB Infrastructure Developers’ associate company -- IRB Infrastructure Trust has received a Letter of Award (LoA) from National Highways Authority of India (NHAI) for the project involving Tolling, Operation, Maintenance & Transfer of Chandikhole - Bhadrak Section of NH-16 in the State of Odisha (From Km 62+000 to Km 136+500) (TOT Bundle 18) (the Project).
The Trust to pay upfront Bid Concession Fee of Rs 3,087 crore to NHAI for revenue-linked Concession Period of 20 years.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
