 "IRB Infra arm inks pact with NHAI for Vadodara-Mumbai Expressway stretch")
IRB Infrastructure Developers Ltd on Tuesday said its arm has entered into a pact with NHAI for executing a stretch of Vadodara-Mumbai Expressway in Gujarat at a cost of Rs 1,755 crore.
The project falls under Bharatmala Pariyojna Phase 1.
"VM7 Expressway Private Limited, wholly-owned subsidiary of the company, has now executed Concession Agreement with National Highways Authority of India (NHAI) for the project of eight lane access-controlled expressway from km 190 to km 217.5 of Vadodara-Mumbai Expressway," the company said in a regulatory filing to the BSE.
The 27.50 km stretch pertains to Gandeva-Ena section in Gujarat.
The company said the construction period for the stretch is 730 days, while operation period is 15 years.
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