IRB Infrastructure Developers’ SPV gets Provisional Certificate for highway project in Gujarat
5th Apr 2022

IRB Infrastructure Developers’ special purpose vehicle (SPV) -- VKl Expressway has been issued a Provisional Certificate by the Competent Authority upon substantial completion of the Works in 22.585 km out of 23.740 km of the Project of Eight lane Vadodara Kim Expressway from Km 355.00 to Km 378.740 (Padra to Vadodara Section of Vadodara Mumbai Expressway) in the State of Gujarat under NHDP Phase - VI on Hybrid Annuity Mode (Phase IA-Package I) Highway. Consequently, the SPV is eligible for receipt of Bi-annually Annuity payments from NHAI for the operation period of 15 years.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.