IRB Infra SPV receives NHAI appointed date for its WB BOT project; starts tolling and construction from April 02, 2022

New Delhi, April 04, 2022: IRB Infrastructure Developers Ltd.’s Special Purpose Vehicle (SPV), Palsit Dankuni Tollway Pvt. Ltd., has received Appointed Date from the National Highway Authority of India (NHAI); as a result of which the Company has commenced Tolling and Construction for the project with effect April 2, 2022.   

The Company will continue to collect toll for the concession period of 17 years.  

Virendra D. Mhaiskar, Chairman & Managing Director, while commenting on the development said, “This is our first project in the eastern region of India, the 10^th State overall. We are grateful to all the authorities for extending their valuable support and cooperation. We would leave no stone unturned to ensure timely completion of the project with high quality and safety standards to bring the world class experience for the people of West Bengal.”

The project will be executed by IRB Infra and its associate IRB Infrastructure Trust.