IRB Infrastructure Developers has emerged as a preferred bidder for the construction of eight-lane Vadodara-Mumbai Expressway in Gujarat, on the Gandeva-Ena stretch. The section having a length of 27.5 km will entail an investment of Rs 1,755 crore.
The project comprising Package-VII is part of Bharatmala Pariyojana of the National Highways Authority of India (NHAI) under Phase-I. The concession will comprise 730 days for construction, and 15 years of operations and maintenance rights thereafter.
Upon award of this project, the company’s order book will stand at Rs 13,755 crore.
The company is also constructing another stretch on this expressway project between Padra and Vadodara having length of
23.740 km with cost outlay of Rs 2,043 crore.