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IRB Infra receives LoA for Vadodara-Mumbai Expressway stretch

Sunday - August 2, 2020 1:59 pm , Category : BUSINESS
New Delhi, Aug 2 (IANS) IRB Infrastructure Developers on Sunday said that it has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for constructing the Gandeva-Ena stretch of the Vadodara-Mumbai Expressway.
The length of the Gandeva - Ena stretch, in Gujarat is of 27.50 km and the project cost would be Rs 1,755 crore.
"We are pleased to inform you that the Company has now received Letter of Award from NHAI for Hybrid Annuity Project under Bharatmala Pariyojana (Phase I-Package VII)," the company said in a regulatory filing.
Last week the IRB Infra had said that it has emerged as a preferred bidder for the hybrid annuity project.
The concession will comprise 730 days for construction and 15 years operations and maintenance rights thereafter.

--IANS rrb/sn/sdr/

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