IRB wins BOT project in Punjab
IRB Infrastructure Developers Ltd has recently bagged BOT project in Punjab. It is the company’s first BOT project in Punjab. IRB emerged as the lowest bidder for the Pathankot to Amritsar Section of NH-15 from Km.6.082 to Km.108.502 in Punjab under NHDP Phase IIIB on BOT basis.
As per the DBFOT pattern, the project cost is around Rs1200 crore. IRB, which has got a concession period of 20 years for this project, has sought a grant of Rs126.90 crore for the Project from NHAI. The construction period is 910 days.
This winning bid follows the company’s recent emergence as the lowest bidder for the project of four-laning of NH-4A from Goa/ Karnataka Border Km 84.00 to Panaji – Goa Km 153.070 in the State of Goa under NHDP Phase III on BOT basis. This is an approximately Rs800 crore project based on the DBFOT pattern.
IRB is already operating on a continuous stretch of 415 kms of highways from Pune to Bharuch via Mumbai, Vapi and Surat, through its projects: Mumbai-Pune BOT (NH4 of 111 kms), Dahisar-Surat BOT (NH8 of 239 kms) and Surat-Bharuch BOT(NH8 of 65 kms). This translates into 7.5% of the Golden Quadrilateral coming under IRB’s management, the largest holding under any single developer. IRB has a large portfolio of operational BOT projects in theroads infrastructure sector. BOT projects comprise over 95% of its Rs5900 crore order book.