IRB Infra Completes The Concession Period Of Thane Bhiwandi Bypass Project
IRB infrastructure Developers Limited has successfully completed concession period of Thane Bhiwandi Bypass Project on 13th May 2017. Thane Bhiwandi Bypass Project involved Improvement and Maintenance of Thane Bhiwandi Bypass including widening of existing 2 Lane Road to 4 Lane Road and Construction of New 2 Lane Bridge on Kasheli Creek [From Km (—) 0/115 to 23/509 Under BOT Scheme with Toll Rights] ("the Project")
The Concession Agreement for the Project was signed on 21' September 1998.The Concession Period of the Project was 18 years and 6 months. Now, upon successful completion of concession, the company has handed over the Project to the Ministry of Road Transport & Highways (MORTH)/ PWD — Government of Maharashtra.