Tuesday, December 8, 2015

#IRB Infra’s Ahmedabad-Vadodara Expressway receives completion certificate

IRB Ahmedabad Vadodara Super Express Tollway Pvt. Ltd (“SPV") - wholly owned subsidiary of IRB Infra, has been issued a Provisional Completion Certificate by the Competent Authority on 4th December 2015. Consequently, the SPV has started toll collection on NH – 8 arm of this project from 6th December 2015.  The SPV is already collecting toll on Ahmedabad Vadodara Expressway (NE- 1) arm since January 2013.

Concession period for this project including construction period is 25 years with an estimated project cost of Rs 4,880 crore. This SPV has completed construction and commenced toll collection on NH-8 one month ahead of scheduled date of completion.