MUMBAI: IRB Infrastructure Developers Ltd, one of the largest BOT road developers in India, announced that it has commenced toll collection on its Jaipur Deoli BOT Project.The Jaipur Deoli BOT project, implemented by the wholly-owned SPV of the Company viz. IRB Jaipur Deoli Tollways Pvt. Ltd (SPV), has been issued a Provisional Certificate by the Competent Authority effective September 27, 2013. The project has been commissioned in stipulated time. Consequently, the SPV has started partial toll collection on this project effective September 27, 2013.
The Jaipur Deoli BOT Project involves four-laning of Jaipur Deoli Section of NH 12 from Kms 18.700 Kms to 165.000 kms in the State of Rajasthan on DBFOT (Toll) basis. The project involves Design, Engineering, Finance, Construction, Operation and Maintenance of Jaipur to Deoli section of NH 12 under NHDP Phase III.
The concession period for the project is 25 years and the estimated cost of the project is Rs. 1,733 Crore. The Company had bagged this Project on Viability Gap Funding (VGF) basis and sought VGF of Rs. 306 Crore from NHAI.
About – IRB Infrastructure Developers Ltd.
IRB is an integrated infrastructure development and construction company in India with significant experience in the toll roads and highways sector. IRB is one of the largest private developers in India with 18 BOT Projects out of which 14 Projects are under operation. IRB has been listed on the NSE and BSE since February 25, 2008.