IRB Infra preferred bidder for Rs 1,500-cr road project

December 18, 2013

Company has emerged as a preferred bidder for the project of four laning of Solapur to Yedeshi section of NH-211

Press Trust of India | New Delhi

IRB Infrastructure Developers Ltd today said it has emerged as a preferred bidder for a Rs 1,500-crore road project in Maharashtra.

“The company has emerged as a preferred bidder for the project of four laning of Solapur to Yedeshi section of NH-211…In the State of Maharashtra,” the company said in a filing to BSE.The project, to be executed on design, build, finance, operate and transfer (DBFOT) pattern, falls under phase four of the national highways development programme, the company said.

The construction period of the project is fixed at 910 days and the company has sought Rs 189 crore as viability gap funding (VGF) from National Highways Authority of India.

VGF is typically provided in competitively bid projects. Under VGF, the central government meets up to 20 per cent of capital cost of a project being implemented in public private partnership (PPP) mode by a central ministry, state government, statutory entity or a local body.

“The concession period is 29 years,” the company added.

Source-http://www.business-standard.com

Written by ITW Editor · Filed Under Bidding, IRB Infra

Approval for development of four laning of Solapur-Yedeshi section of NH 211 in the State of Maharashtra under NHDP Phase IV

September 25, 2013

Press Information Bureau
Government of India
Cabinet Committee on Economic Affairs (CCEA)

The Cabinet Committee on Economic Affairs has given its approval for four laning of the Solapur-Yedeshi section of National Highway-211 in the state of Maharashtra under the National Highways Development Project (NHDP) Phase IV on Build, Operate and Transfer (BOT-Annuity) in Design, Build, Finance, Operate and Transfer (DBFOT) pattern.

The cost is estimated to be Rs.1,057.82 crore including the cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The total length of the road will be approximately 99 kms.

The project will expedite improvement of infrastructure in the State of Maharashtra and also reduce the time and cost of travel for traffic, particularly heavy traffic, plying between Solapur and Yedeshi. This road stretch runs between the Solapur-Yedeshi section of NH-211. Development of this stretch will also help in uplifting the socio-economic condition of this region of the State of Maharashtra. It will also increase employment potential for local labourers for project activities.
Source- http://pib.nic.in

Written by ITW Editor · Filed Under NHAI, NHDP, Press Release