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

IRB Infrastructure Developers Limited's (IRB) Infrastructure Investment Trust (InvIT) Special Purpose Vehicles (SPVs) have made a substantial payment of ?61.11 billion to the National Highways Authority of India (NHAI) for Toll-Operate-Transfer (TOT) projects. This payment reflects IRB's commitment to infrastructure development and underscores progress in the road sector. The payment made by IRB Infra Trust SPVs to NHAI signifies a significant milestone in the execution of TOT projects aimed at enhancing the efficiency and capacity of India's national highway network. It highlights IRB's dedication to fulfilling its contractual obligations and contributing to the country's infrastructure growth. The funds transferred to NHAI by IRB Infra Trust SPVs will support ongoing infrastructure development initiatives, including the construction and maintenance of highways and expressways. This financial contribution is expected to facilitate the timely completion of TOT projects and enhance connectivity across key transportation corridors. IRB's timely payment to NHAI for TOT projects demonstrates the private sector's active participation in infrastructure development and public-private partnerships (PPP). It signifies a collaborative approach towards addressing India's infrastructure needs and driving economic growth through improved connectivity and mobility. As IRB continues to invest in infrastructure projects and fulfil its commitments to NHAI, stakeholders anticipate positive outcomes in terms of enhanced road infrastructure, reduced travel time, and improved road safety standards. The payment of ?61.11 billion underscores IRB's role as a key player in India's infrastructure landscape and its commitment to driving sustainable development through strategic investments in the road sector.