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Roads/Highways/Bridges | December 05, 2014
#46836

IRB Infrastructure gets provision certificate for Pathankot Amritsar BOT Project

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.

Tags
Road, Project, Toll, BOT, SPV
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