IRB Infrastructure Developers (IRB), a leading developer of highway infrastructure, went as the preferred bidder for the construction of six lanes of 20.060 km from Pondavakkam to Kannigaipair on the upcoming Chittoor – Thachur Highway in Tamil Nadu at a cost of ₹ 909 crores. emerged

Virendra D Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers, said in a press release: “We are delighted to be adding another project to To have Tamil Nadu (BOT) place. “

“Winning this project has confirmed our integrated strengths that we have developed over the past 20+ years in executing all types and sizes of highway infrastructure projects, be it BOT, TOT, HAM or EPC, regardless of geographic terrain,” added he added.

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The project is under Package IV and is part of India’s ambitious ‘Bharatmala Pariyojana’. This is the company’s fourth hybrid retirement project after two in Gujarat and one in the Himachal project.

The concession covers 730 days of construction and then 15 years of operating and maintenance rights.

Once this project is awarded, the company’s backlog will be 14,189 billion yen and the total strength of the hybrid annuity portfolio will be approximately 640 kilometers of lane at a cost of over 5,500 billion yen, the press release said.