IRB Infra bags Rs 2,193 crore project in West Bengal
The section is a part of the Golden Quadrilateral Project
IRB Infrastructure has emerged as preferred bidder for build, operate, transfer (BOT) project in West Bengal. The section is a part of the Golden Quadrilateral Project.
The scope of work involves six-laning of National Corridor NH-19 from Palsit to Dankuni (up to NH-6 Connector) from 588.870 km to 652.700 km (total design length 63.830 km) in the state of West Bengal under Bharatmala Pariyojana to be executed on BOT (Toll) basis with a project cost of Rs 2,193.23 crore. The project is on design, build, finance, operate and transfer (DBFOT) mode.
The concession period is 17 years, including construction period of 910 days.The company will get tolling rights on the project from the appointed date. Upon award of this project, the company’s March 2020 order book stands updated at approximately Rs 14,600 crore.
IRB Infrastructure is the largest private roads and highways infrastructure developer in India, with an asset base of over Rs 45,000 crore across the parent company and two InvITs.
The company has strong track record of constructing over 12,300 lane km pan India in two decades and has an ability to construct over 500 km in a year. It has approximately 20 percent share in India’s Golden Quadrilateral project, which is the largest by any private infrastructure developer in India.
The IRB Group’s portfolio comprises of 21 projects including 19 BOT, one TOT and one HAM projects. BOT segment includes nine projects under private InvIT with O&M contracts; three projects under tolling and 7 projects under O&M contracts as a Project Manager for IRB InvIT.