IRB starts operations on Jaipur-Deoli toll project

IRB Infrastructure Developers has commenced operations on its Rs 1,733-crore Jaipur-Deoli build-operate-transfer (BOT) project. Implemented by its wholly-owned special purpose vehicle called IRB Jaipur Deoli Tollways, the company has begun partial toll collection from September 27, the company said in a statement. IRB had sought viability gap funding of Rs 306 crore from the National Highways Authority of India ( NHAI). The concession period for the project is 25 years.