IRB forms JV with Reliance Infra for NHAI project

IRB forms JV with Reliance Infra for NHAI project

on Jun 17, 2010

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This is the first time that both the big highway players have entered a JV for a project

IRB Infrastructure Developers Ltd (IRB) has entered into a JV agreement with Reliance Infrastructure Ltd for NHAI project. The JV has submitted Request for Qualification (RFQ) for the project to design, engineer, finance, construct, operate and maintain the 6 laning of the Kishangarh-Udaipur-Ahmedabad section of NH 79A, 79, 78 & NH-8.

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This project will be executed on the BOT(Toll) basis in the states of Gujarat and Rajasthan. The project, pegged at Rs 5134 crore by the NHAI will carried out in a 50:50 alliance with Reliance Infrastructure Ltd. This is the first time that both the big highway players have entered a JV for a project.

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