Untitled Document
Excon, Excon 2011 Biggest Construction Equipment Trade fair India.
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www.epcworld.in
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Road-Bridges
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| 03/25/2010 10:55:00 AM |
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Jaipur, Mar (EPC News): IRB Infrastructure Developers Ltd (IRB), one of the largest toll road operating companies in India, has achieved financial closure for its Pathankot-Amritsar highway project and Jaipur-Deoli highway project. |
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IRB Pathankot Amritsar Toll Road Pvt Ltd - wholly-owned subsidiary of IRB, has achieved financial closure for its Pathankot to Amritsar Highway Project which comprises of section of NH - 15 from 6.082 km to 108.502 km in the State of Punjab under NHDP Phase IIIB on the DBFOT pattern. The company has tied up project funding of Rs 924 crore from banks & financial institutions. The construction period is 910 days for this project and the concession period is 20 years.
IRB Jaipur Deoli Tollway Pvt Ltd - wholly-owned subsidiary of IRB, has achieved financial closure for its Jaipur Deoli Highway Project which comprises of section of NH -12 from 18,700 km to 165,000 km in the State of Rajasthan under NHDP Phase III on BOT Basis. The company has tied up project funding of Rs 900 crores from banks & financial institutions. The construction period is 910 days and the concession period for this project is 25 years.
V D Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd said, "Our track record of timely payments, successful and timely implementation of projects, helped us to raise the required finances for our projects on favourable terms in reasonable time."
EPC News Bureau
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