VK1 Expressway Receives Appointed Date From Competent Authority
VK1 Expressway Private Limited - Wholly-owned Subsidiary of the IRB Infrastructure Developers Limited (the SPV), has now received Appointed Date from the Competent Authority. Accordingly, the SPV would commence construction on the Project.Other details of the Project being implemented by the SPV is as under:
| Name of the Project | Construction and Operation Period | NHAI Bid Project Cost (Rs. in crores) | Company's Bid Project Cost (Rs. in crores) | Project cost appraised by the Lender & Means of Finance (Rs. in Crores) |
| Construction of Eight lane Vadodara Kim Expressway from Km 355.00 to Km 378.740 (Padra to Vadodara section of Vadodara Mumbai expressway) in the State of Gujarat under NHDP Phase -VI on Hybrid Annuity Mode(Phase IA-Package I) | 730 days Construction Period; 15 year operation period | 1637.01 | 2043 | NHAI Support -817 Project Finance-981 Equity Contribution-245 Total Project Cost-2043 |
