IRB awarded 6-laning contract in Karnataka

IRB Infrastructure Developers Limited (IRB), toll road operating company, has won the contract for the six-laning of Tumkar-Chitradurga Section of NH-4 in Karnataka under NHDP Phase V on BOT basis.

Based on the DBFO pattern, the project is on premium basis and the estimated project cost is Rs1200-crore. The project length is approximately 114 Km.

IRB goy a concession period of 26 years and has to pay a premium of Rs.140.40 Crore for the project to the NHAI in the first year.