Agreement signed with NHAI to upgrade NH27 stretch in Gujarat

The Samakhiyali Tollway, an SPV and Wholly-owned subsidiary of IRB Infrastructure Developers Ltd. (IRB Infra) has executed the Concession Agreement with National Highway Authority of India (NHAI) for an upgradation of existing 4 lanes to 6 lanes of NH27 stretch of 90.90 Kms from Samakhiyali to Santalpur in the State of Gujarat on Build-Operate-Transfer (Toll) mode. Virendra D. Mhaiskar, Chairman & Managing Director said, “Executing the Concession Agreement is an important phase for any project that enables the developer to proceed to the next step, i.e., arranging finances for the project. We will excel ourselves to meet the expectations of our stakeholders on developing this project as one of the best world class quality and safety infrastructure with our rich in house domain expertise and experience in executing large projects”
Key highlights of the Project are as Project length is 90.90 Km, Project Cost Total Project Cost – Rs. 2,132 Crores, Concession Period is 20 years from the Appointed Date including 2 years of construction period and the company endeavors to execute this Project through its Associate viz. IRB Infrastructure Trust.