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Organization: IRB Infrastructure Developers Private Limited
IRB Infrastructure Developers announced that its associate, IRB Lalitpur Tollway, has signed a concession agreement with the National Highways Authority of India (NHAI) for tolling, operations, and maintenance of the Lalitpur-Lakhnadon stretch on NH44 in Madhya Pradesh. The project involves an upfront payment of Rs 4,428 crore to NHAI for tolling and O&M services for a 316 km stretch of NH44, with a revenue-linked concession period of 20 years. IRB Infrastructure Developers has taken a step towards achieving financial closure for the project, executed by IRB Infrastructure Trust (Private InvIT).
Location: Madhya Pradesh
Estimated Value (Rs. Cr): 4428
Sector: Roads and Highways
Project Stage: Operation and Maintenance
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This is a project news website that tracks and provides information on thousands of projects from various companies in India. The above-mentioned project details were first published by us in ProjectX India | 1st December 2023 Digital Edition, which covers 249 projects, contracts, and tenders in India. Click here to buy this copy for Rs. 369 and get all the project details and contacts.
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