IRB Infrastructure Developers Ltd has announced that the Company has emerged as a preferred bidder for the project of Four Laning of Goa/Karnataka Border to Kundapur section of NH-17 from Km 93.700 to Km 283.300 in the State of Karnataka under NHDP phase IV on Design, Build, Finance, Operate and Transfer (Toll) Basis (the "Project").
Key highlights of the project are as under :
Project is on DBFOT pattern.
The estimated Project Cost of the Company is approximately Rs. 24bn
Concession period is 28 years.
Construction period is 910 Days.
IRB has sought Rs. 5.36bn as Viability Gap Funding from NHAI.