IRB Infrastructure’s Developer Arm Secures Major Deal with NHAI Through Concession Agreement Execution

STN: IRB Infrastructure Developers has announced that its subsidiary, Samakhiyali Tollway Private Ltd, has signed a concession agreement with NHAI for the Samakhiyali Santalpur Build, Operate, Transfer (BOT) project in Gujarat, India. The six-lane project covers a stretch of 90.90 kilometers on NH27 and is estimated to cost Rs 2,132 crore.

The project has a concession period of 20 years from the appointed date, which includes two years of construction. IRB is known for being an integrated infrastructure player in the highways segment with an asset base of over Rs 70,000 crore in 11 states across the parent company and two investment trusts.

The company is optimistic about the project’s potential. Given its strategic location, the Samakhiyali Santalpur project is expected to provide a boost to trade and commerce in the area, and it will also contribute to better trade ties between Indian states.

Additionally, strengthened infrastructure in the area can have a further cascading impact, creating opportunities for ancillary businesses to flourish.

IRB’s expertise in the infrastructure sector and its experience of managing over 12,600 lane kilometers of highways will help it execute this project effectively. The company has been involved in various projects across the country, including the construction of the Mumbai-Pune Expressway and the operation and maintenance of Ahmedabad-Vadodara Expressway.

As India ramps up its development initiatives, this project could be a significant addition to achieving their desired infrastructure goals. Given the current economic climate, it is imperative that public and private players continue to invest in infrastructure to help create a more efficient and optimized ecosystem.

In conclusion, the Samakhiyali Santalpur BOT Project in Gujarat is a step towards creating better transport connectivity across Indian states. It will also provide increased opportunities for businesses to flourish and contribute to India’s overall economic growth. With IRB’s track record of excellence, one can expect successful completion of the project, which will have a vital role to play in transforming Gujarat’s infrastructure.