IRB bags six-laning highway project in Rajasthan

IRB Infrastructure Developers today said it has bagged a DBFOT road project for six-laning of 125 km long Kishangarh-Udaipur-Ahmedabad section in Rajasthan.
The company has emerged as a preferred bidder for the 125 km long project, which is to be constructed on design, build, finance, operate and transfer (DBFOT) basis under the National Highways Development Project's phase V (package-V), a statement issued here said today.
The concession period of the project is 20 years including construction period of 910 days. The company will get tolling rights on the project from the appointed date.
IRB has offered a premium of Rs 228.60 crore to NHAI in terms of the concession agreement.

With this, IRB's construction order book will increase to around Rs 11,300 crore, to be executed in the next four years.
"This will boost the company's construction order book visibility for next three to four year," it said.