With effect from 01 March 2020
IRB Infrastructure Developers that with reference to the Mumbai Pune Project being implemented by IRB MP Expressway (SPV), the SPV has received a Commencement Order from the Competent Authority. Consequently, the SPV has started toll collection from 1 March 2020 on both Expressway and NH-48 section of Mumbai-Pune Project.Key Highlights of the Project are as under:
IRB to pay upfront payment of Rs. 6500 crore to MSRDC and a further staggered payment of Rs. 850 crore in year 2, Rs. 850 crore in year 3 and Rs. 62 crore in year 4, aggregating to Rs. 8,262 crore for Sub-Concession Period of 10 years and 2 months;
The Project is on Tolling, Operation, Maintenance and Transfer basis. Project Length is approx. 205.40 Kms. including Expressway and NH-48 section of Mumbai-Pune Corridor;
The Sub-Concession Period of the project is until April 30, 2030 i.e. 10 years and 2 months.
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