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IRB Infra's arm executes concession pact for Rs 6,555-cr project in UP

IRB Infrastructure Developers on Thursday said its wholly-owned arm has executed a concession pact with UPEIDA for the Rs 6,555 crore 'Ganga Expressway' project in the state.

Topics
IRB Infrastructure Developers | Uttar Pradesh

Press Trust of India  |  New Delhi 



Infrastructure funds

on Thursday said its wholly-owned arm has executed a concession pact with Expressways Industrial Development Authority (UPEIDA) for the Rs 6,555 crore 'Ganga Expressway' project in the state.

The total length of the project is 129.7 km, IRB Infrastructure said in a filing to BSE.

"Meerut Budaun Expressway Private Limited, wholly-owned subsidiary of the company, has now executed concession agreement with...UPEIDA for the project of development of access controlled six lane (expandable to eight lane) Greenfield 'Ganga Expressway'...in the state of on DBFOT (Toll) basis under PPP," the filing said.

The company further said that the viability gap funding is Rs 1,746 crore.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Thu, January 06 2022. 17:04 IST

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