IRB Infra to commence Vadodara highway project soon
The project cost outlay is Rs 20.43 billion. The concession will comprise 730 days for construction and 15 years operations and maintenance rights thereafter. Construction will be commenced from (date) as per the appointed date. The project had recently achieved the financial closure, despite the weak lending scenario across the industry for bid cost. As a part of financial closure, the SPV will be receiving financial support of Rs 8.17 billion from NHAI; equity support of Rs 2.45 billion from IRB Infra and project financing of Rs 9.81 billion from the lenders.