Commences toll collection and construction of project between Chittorgarh and Gulabpura
IRB Infrastructure Developers announced that CG Tollway - Wholly-owned Subsidiary of the Company, incorporated for implementation of Project of Six Lanning of 124.87 km of NH-79 between Chittorgarh and Gulabpura in the State of Rajasthan has received the Appointed Date from the Competent Authority. Accordingly, the SPV has started toll collection and construction on the Project from 04 November 2017.Key highlights of the Project are as under:
The Project is on DBFOT Pattern.
The concession period of the project is 20 years including construction period of 910 days.
The estimated cost of the Project is Rs. 2,090 crore.
The Company started toll collection on the Project from Appointed Date i.e. November 4, 2017 being Six Lanning Project.
The Company has offered premium of Rs. 228.60 crore to NHAI. The premium payment will commence after three years from the Appointed Date in terms of the Concession Agreement.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app