The company said that this is for the 4-laning of the Yedeshi to Aurangabad section of National Highway 211 (NH-211) from 100 kilometer to 290.20 kilometer.
It said that the project, with a concession period of 26 years, has to be completed in 910 days as build-operate-transfer (BOT) on design-build-finance-operate-transfer (DBFOT) pattern under National Highways Development Project (NHDP) Phase-IV, according to Exim News Service.
It added that with another 4 laning project, the Solapur to Yedeshi section of NH-211 from the start up to 100 kilometer in hand, IRB would now be developing the entire road length of 288 km from Aurangabad to Solapur.
It further added that it has sought Rs 558 crore as Viability Gap Funding (VGF) from NHAI for the project.
According to the statement, IRB has an order book of Rs 5,800 crore in the construction segment and, post this announcement it has increased to Rs 8,600 crore, for execution in the next three to four years.
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