IRB emerges as preferred bidder for NH 17 project
IRB Infrastructure Developers has announced that it has emerged as preferred bidder for the four laning of Goa/Karnataka border to Kundapur section of NH 17 from Km. 93.700 to Km. 283.300 in the State of Karnataka.
The project length is approximately 187.240 km. The approximate total cost of this project is Rs2400 crore. The project is under NHDP phase IV on Design, Build, Finance, Operate and Transfer basis. Keeping up with the bid parameters, IRB has sought Rs536.22 crore as Viability Gap Funding from NHAI. The concession period for the project is 28 years and the construction period is 910 days.
Virendra Mhaiskar, chairman and managing director, IRB infrastructure Developers said, “This is our second order in Karnataka and will take our already robust order book to approximately Rs10, 900 crore.”
The first order awarded to IRB by NHAI in the state of Karnataka was for six laning of Tumkur–Chitradurga section from km 75.00 to km 189.00 of NH-4 with an approximate project cost of Rs1142 Crore. The construction work of this Project is in progress and running as scheduled.