IRB Infra arm makes upfront payment to HMDA
ROADS & HIGHWAYS

IRB Infra arm makes upfront payment to HMDA

IRB Infrastructure Developers has made upfront payment of Rs.73.8 billion to Hyderabad Metropolitan Development Authority (HMDA). Following this payment, its special purpose vehicle (SPV) - IRB Golconda Expressway, has initiated toll collection on Hyderabad’s Jawaharlal Nehru Outer Ring ...

IRB Infrastructure Developers has made upfront payment of Rs.73.8 billion to Hyderabad Metropolitan Development Authority (HMDA). Following this payment, its special purpose vehicle (SPV) - IRB Golconda Expressway, has initiated toll collection on Hyderabad’s Jawaharlal Nehru Outer Ring Road (ORR). The SPV signed a “concession agreement” with HMDA for tolling and operations and maintenance of the 158 km stretch of Hyderabad ORR. This marks a significant step for IRB Infra. Contact: IRB Infrastructure Developers (IRB Infra) Tel: (022) 6640 4200 Website: www.irb.co.in

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