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IRB Infra receives LoA for section of Vadodara-Mumbai Eway.
IRB Infrastructure Developers (IRB) have received a Letter of Award (LoA) from the National Highway Authorities of India (NHAI) for 27.500 km long Gandeva-Ena section of the upcoming greenfield project of eight-lane Vadodara-Mumbai Expressway.
NHAI has agreed to pay interest on developers capital at bank rate plus 3%.
Under the HAM concession agreement, NHAI has agreed to pay interest on developers capital at bank rate plus 3%.
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