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IRB bags first NHAI Ultra Mega Project in Highways in Gujarat


Toll road operating company IRB Infrastructure Developers Limited today said it had emerged as the Preferred Bidder for the six-laning of the Ahmedabad-Vadodara section of National Highway (NH)-8 and improvement of the existing Ahmedabad-Vadodara Expessway in Gujarat.


The project involves six-laing of the highway from km 6.4000 to km 108.700 and improvement of the expressway from km 0.000 to km 93.302 under Phase V of the National Highway Development Programme on design, build, finance, operate, transfer (DBFOT) basis.


According to a press release from IRB, this is the firt ultra mega project of the National Highways Authority of India (NHAI).


The project length is approximately 102.300 km. IRB gets a concession period of 25 years and the company has to pay a premium of Rs.309.60 crore for the project to the NHAI, in the first year and will increase 5% YoY.


"With the bagging of the first Ultra Mega Project of the NHAI in highways we are poised to take a quantum jump in our execution capability. With the addition of this project our order book stands at approximately Rs.12, 000 crore," IRB Chairman and Managing Director V D Mhaiskar said.


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