Kishangarh Gulabpura Tollway Project Commenced Toll Collection
Kishangarh Gulabpura Tollway Private Limited (SPV of IRB Infrastructure Developers Limited), has received appointed date from the Competent Authority. Accordingly, the SPV has commenced toll collection and construction on the project.
Other details of the project being implemented by the SPV is as under:
1. The project involves six laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in the state of Rajasthan (length 90.000 km) on DBFOT (Toll) mode. under NHDP Phase-V Package-I (the project). The concession period of the project is 20 years including construction period of 910 days.
2. The company has offered the premium of Rs. 186.30 crores to NHAI. The premium payment will commence after three years from the appointed date in terms of the Concession Agreement.
3. The total cost of this project is Rs. 1,526 crores, out of which equity contribution / internal accrual by the company will be Rs. 506 crores and remaining are funded through project finance of Rs. 1,020 crores from a Consortium of Lenders.