IRB Infrastructure today said its special purpose vehicle (SPV) AE Tollway has commenced construction work on the Rs 2,650 Agra-Etawah bypass road project.
The company said it has also started toll operations on the road from August 1, 2016.
Sudhir R Hoshing, Joint Managing Director, IRB Infrastructure Developers said, "We are pleased to commence the widening work of Agra-Etawah bypass road. Once completed, the corridor will provide congestion free, safe and more comfortable travel to commuters with much reduced travel time."
The company has recently achieved a financial closure for the project.
It had bagged Rs 2,650 crore project of six laning of the 124 km section of Agra-Etawah bypass road on NH-2 in Uttar Pradesh.
The project is on design, build, finance, operate and transfer (DBFOT) basis, as envisaged by the NHAI under its Phase-V of the National Highway Development Projects (NHDP).
