189.6-km Goa-Karnataka border highway project commissioned
Real Estate

189.6-km Goa-Karnataka border highway project commissioned

IRB Westcoast Tollway, an SPV of IRB Infrastructure Developers, has recently commissioned the 189.6-km Goa-Karnataka border-Kundapur four-lane highway project, which is now open for vehicular traffic. Built at  Rs. 34.47 billion, the project has a concession life of 28 years.With this, all...

IRB Westcoast Tollway, an SPV of IRB Infrastructure Developers, has recently commissioned the 189.6-km Goa-Karnataka border-Kundapur four-lane highway project, which is now open for vehicular traffic. Built at  Rs. 34.47 billion, the project has a concession life of 28 years.With this, all the projects in the company’s BOT portfolio are now revenue generating projects, said the company in a release.The project has a service road of 61.26 km, nine pedestrian underpasses, three vehicular underpasses, four flyovers, 39 small bridges, 14 major bridges, 23 intersections, 573 culverts, three railway-over-bridges and three toll fee plazas. The stretch is part of NH-17, the key north-south highway link on the western coast of India.“We are happy to commission the important coast highway infrastructure link between West and South India,” said Virendra D Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers, speaking on the occasion. “We believe the project will bring a world-class and safe commuting experience and highway infrastructure to India. We are grateful to all the stakeholders, external and internal, who left no stone unturned to achieve COD for this project.”  The company had bagged the project under the National Highways Development Project (NHDP) Phase 4 on a design, build, finance, operate and transfer (toll) basis, and had a viability gap funding of Rs.5.36 billion.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement