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BW Businessworld

IRB Infra Wins Rs 2,100-Crore Highway Project From NHAI

The project will be on design, build, finance, operate and transfer (DBFOT) mode under National Highways Development Project Phase V

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IRB Infrastructure Developers has received letter of award from National Highways Authority of India (NHAI) for Rs 2,100-crore highway project in Rajasthan and Gujarat.

"The company has received letter of award from NHAI for the project of six laning from Udaipur to Rajasthan/Gujarat border i.e from km 287.4 to 401.2 section of NH 8 in the states of Rajasthan and Gujarat," IRB Infrastructure said in a filing to the BSE.

The project will be on design, build, finance, operate and transfer (DBFOT) mode under National Highways Development Project Phase V.

"The estimated project cost of the company is approximately Rs 2,100 crore," the company said adding the concession period of the project is 21 years including construction period of 910 days," it said.

The company said it has offered premium of Rs 163.80 crore to NHAI in terms of concession agreement.