IRB signs two deals with NHAI worth rs 3,200 cr for highway projects in WB, HP

New Delhi: IRB Infrastructure Developers Ltd has signed two deals worth Rs 3,200 crore with NHAI for highway projects in West Bengal and Himachal Pradesh.

IRB’s wholly-owned subsidiary Palsit Dankuni Tollway Pvt Ltd has signed a contract with NHAI for six-laning of national corridor NH-19 with total design length of 63.8 km from Palsit to Dankuni in West Bengal. The project falls under Bharatmala Pariyojana and will have to be executed on BOT-Toll basis. The project cost for this is Rs 2,421 crore, IRB said in a regulatory filing.

The concession and tolling period will be 17 years and the construction period will be 910 days.

Another wholly-owned subsidiary - Pathankot Mandi Highway Pvt Ltd has inked an agreement with NHAI for up-gradation to four-lane of about 28.7 kilometer of Punjab/Himachal Pradesh border on NH-154. The project lies in the state of Himachal Pradesh. The project has been won on hybrid annuity mode (HAM). The construction period will be 730 days. The operation period will be 15 years and the project cost will be Rs 779 crore.