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.