IRB Infrastructure Developers announces execution of concession agreement with NHAI

For project on Agra-Etawah Bypass section of NH-2 in Uttar Pradesh

IRB Infrastructure Developers announced that AE Tollway - Wholly-owned Subsidiary of the Company, has now executed Concession Agreement with NHAI for the project of Six Laning of Agra-Etawah Bypass section of NH-2 (from km 199.660 to km 323.525) in the State of Uttar Pradesh under NHDP Phase-V on BOT (Toll) mode.

Key highlights of the Project are as under:

- The Project is on DBFOT Pattern
- The estimated project cost of the company is approx. Rs. 2,650 crore
- The concession period of the project is 24 years
- Construction period is 910 days.
- The Company will get tolling rights on Agra - Etawah Bypass section of NH-2 from the Appointed Date
- The Company has offered premium of Rs. 81 crore to NHAI, which will increase by 5% YoY.
- With this Project, IRB has expanded its base in 8th state viz. Uttar Pradesh.

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