IRB Infra Gets Major Highway Development Assignement from NHAI for Gujrat
NEW DELHI: IRB Infra has emerged as the preferred bidder for the project of “Six laning of Ahmedabad to Vadodara section of NH-8 from km. 6.400 to km. 108.700 (Length 102.300 km) and improvement of existing Ahmedabad Vadodara Expressway from km. 0.000 to km 93.302 in the State of Gujarat (Length 93.302 km.) under Phase V on Design Build Finance Operate Transfer (DBFOT) Toll basis (“the Project”)”.
Scope of work involves upgradation of existing section of NH8 between Ahmedabad and Vadodara from existing 2 lane highway to a 6 lane super expressway and value addition to the existing Ahmedabad Vadodara Expressway.
As a major highlight of this project, IRB bags the first ultra mega project of NHAI in highway sector. This project is on DBFOT pattern. The approximate construction cost is going to be around Rs. 3600 Crores. Construction will be completed over the span of 3 years. As part of this deal, IRB will get complete tolling rights on Ahmedabad Vadodara expressway from the appointed date. Premium offered to NHAI in year one is Rs. 309.60 crores which will increase by 5% YoY.