IRB Infrastructure Developers Ltd has informed BSE that Pathankot Amritsar BOT Project implemented by wholly-owned SPV of the Company viz. IRB Pathankot Amritsar Toll Road Pvt Ltd (SPV), has been issued a Provisional Certificate by the Competent Authority effective November 27, 2014. Consequently, the SPV has started toll collection on this project effective from November 28, 2014.
About Pathankot Amritsar BOT Project:
- The Project involves Four-Laning of Pathankot to Amritsar Section of NH - 15 from Km.6.082 to Km. 108.502 in the State of Punjab under NHDP Phase III on BOT (Toll) Basis;
- The Concession period is 20 years;
- Estimated Cost of the Project is Rs 1,445 Crore;
- The Company had bagged this Project on Viability Gap Funding (VGF) basis and sought VGF of Rs 126.90 Crore from NHAI.