IRB Infra Secures Project in Bhartmala Pariyojna

IRB Infrastructure said it has secured a Rs 2,193 crore highway project in West Bengal under the Bhartmala Pariyojna. The project for widening of 63.83 km stretch on National Highways-19 is its first project in eastern India and marks its entry in the ninth state in the country. The section is part of the Golden Quadrilateral Project. The company has emerged as a preferred bidder for BOT (build, operate, transfer) project of 6 laning of the national corridor NH-19 from Dankuni to Palsit stretch of 63.83 kms in West Bengal, with a project cost of Rs 2,193.23 crores. "We continue to look for opportunities to expand and diversify our presence. With this win, we will enter the eastern jewel of India. We are committed to build world class highway infrastructure for the development of eastern region and to bring quality connectivity with the rest of the country," IRB Infra Chairman & MD Virendra D Mhaiskar said. The project is on design, build, finance, operate and transfer (DBFOT) pattern, and the concession period is 17 years, including construction period of 910 days. IRB Infra is the largest private highways infrastructure developer in India with an asset base of Rs 45,000 crore across the parent company and two InvITs.