IRB Infrastructure Developers Limited (IRB), India’s leading and the largest highways infrastructure developers bagged its third successive project from National Highways Authority of India (NHAI) under Hybrid Annuity Model (HAM) in the state of Gujarat.

The company emerged as a preferred bidder for construction of eight lanes on the Vadodara – Mumbai Expressway in Gujarat, on the stretch having the length of 23.740 Kms at the cost of INR 20430 million.  

Commenting on the development, Mr Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Limited said, “We are happy to see the company being awarded third successive project under Hybrid Annuity in a week’s time. This has once again acknowledged the high trust and confidence in our domain expertise, rich experience and execution capabilities demonstrated over last two decades.”     

Key highlights of the Projects are as under:· 

1.    The project is in Gujarat for eight laning of a stretch of 23.740 Kms on Vadodara – Mumbai Expressway, between Padra and Vadodara, with cost outlay of INR 20430 million.    

2.    The concession will comprise 730 days of construction and 15 years Operations & Maintenance rights thereafter.