IRB Westcoast Tollway, the SPV of IRB Infrastructure Developers, has recently commissioned its 189.6 km Goa-Karnataka border-Kundapur four-laning highway project, now opened for the vehicular traffic. Built at Rs 34.47 billion, the project has a concession life of 28 years.
The project has service road of 61.26 km, nine pedestrian underpasses, three vehicular underpasses, four flyovers, 39 small bridges, 14 major bridges, 23 intersections, 573 culverts, and three railway-over-bridges and three toll fee plazas.
Said Virendra D Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers, in a release by the company, “We are happy to commission the important coast highway infrastructure link between West and South India. We believe that the project would bring the world-class and safe commuting experience of the highway infrastructure in India.”
The Goa-Karnataka border-Kundapur stretch of 189.6 km is part of NH-17, which is the important north-south highway link on the western coast of India.
The company had bagged this project under the National Highways Development Project Phase-IV on design, build, finance, operate and transfer basis, and had a viability gap funding of Rs 5.36 billion.