IRB Infra Trust SPVs Pay Rs.61.11 Bn to NHAI for TOT Projects

04 Apr 2024 CW Team

IRB Infrastructure Trust's Special Purpose Vehicles (SPVs) have successfully disbursed a sum of ?61.11 billion to the National Highways Authority of India (NHAI) for Toll-Operate-Transfer (TOT) projects. This substantial payment marks a significant step forward in enhancing urban infrastructure development across the country.

The disbursement underscores IRB Infrastructure's commitment to fulfilling its financial obligations and contributing to the advancement of infrastructure projects under the TOT model. The timely payment of this considerable sum to NHAI demonstrates IRB Infra Trust SPVs' financial strength and reliability in executing infrastructure ventures efficiently.

The funds disbursed by IRB Infra Trust SPVs will further facilitate the development, maintenance, and operation of national highways, thereby enhancing connectivity and promoting economic growth in the regions served by these projects. The infusion of capital into infrastructure initiatives is crucial for addressing the growing demands of urban transportation and improving overall mobility across the country.

The successful payment of ?61.11 billion to NHAI reflects IRB Infrastructure's unwavering dedication to supporting the government's infrastructure development agenda. It underscores the company's role as a key player in India's urban infrastructure landscape, contributing to the nation's progress and prosperity.

Moving forward, IRB Infra Trust SPVs are poised to continue their collaborative efforts with NHAI and other stakeholders to advance infrastructure projects and drive sustainable urban development. The successful completion of payments for TOT projects reaffirms IRB Infrastructure's commitment to delivering high-quality infrastructure solutions that benefit citizens and contribute to the nation's economic growth.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..