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IRB Infra achieves financial closure for Mumbai-Pune Expressway project
01 Jul 2020
IRB Infrastructure Developers has achieved the Rs.66.10 bn financial closure for its first and India's largest toll-operate-transfer (TOT) project, the Mumbai-Pune Expressway. The project is being carried out by IRB MP Expressway, a SPV of IRB Infrastructure Developers. The company has reportedly made the payment of first tranche of Rs.65 bn as upfront sub-concession fee to MSRDC. The project length is 205.4 km including expressway and section of NH-48, old Mumbai-Pune corridor.