IRB Infra SPV executes Concession Agreement with NHAI for Samakhiyali Santalpur BOT Project in Gujarat

The Samakhiyali Tollway Private Limited, an SPV and Wholly-owned subsidiary of India's leading and the largest integrated multi-national infrastructure player in the highways sector, IRB Infrastructure Developers Ltd. (IRB Infra) has today executed the Concession Agreement with National Highway Authority of India (NHAI) for an upgradation of existing 4 lanes to 6 lanes of NH27 stretch of 90.90 Kms from Samakhiyali to Santalpur in the State of Gujarat on Build-Operate-Transfer (Toll) mode.

While commenting on the development, Mr. Virendra D. Mhaiskar, Chairman & Managing Director said, "Executing the Concession Agreement is an important phase for any project that enables the developer to proceed to the next step, i.e., arranging finances for the project. We will excel ourselves to meet the expectations of our stakeholders on developing this project as one of the best world class quality and safety infrastructure with our rich in house domain expertise and experience in executing large projects."

Source : Equity Bulls

Keywords

IRBInfrastructureDevelopers SPV SamakhiyaliTollway ConcessionAgreement NHAI