IRB Receives Provisional Certificate For Solapur - Yedeshi BOT Project
The company is to inform that Solapur - Yedeshi BOT Project implemented by wholly-owned SPV of the Company viz. Solapur Yedeshi Tollway Pvt. Ltd ("SPV"), has been issued a Provisional Certificate by the Competent Authority. Consequently, the SPV has started partial toll collection on this project from March 7, 2018.
About Solapur - Yedeshi BOT Project:
• The Project is of Four Laning of Solapur to Yedeshi section of NH-211 from km 0.000 to km 100.000 (Design Length 98.71 7 km) in the State of Maharashtra to be executed as BOT (Toll) on DBFOT Pattern under NHDP Phase - IV (the "Project");
• The Concession period of the project is 29 years including construction period of91 0 Days;
• Cost of the Project is INR. 1,4920 million;
• The Company had bagged this Project on Viability Gap Funding (VGF) basis and sought Viability Gap Funding worth INR.1890 million from NHAI.