The IRB Golkonda Expressway Private Limited, a Project SPV of IRB Infrastructure Developers Ltd. (IRB Infra) – has signed the Concession Agreement today with Hyderabad Metropolitan Development Authority (HMDA) for Tolling and Operations & Maintenance of Jawaharlal Nehru Outer Ring Road, popularly known as Hyderabad ORR in the State of Telangana on Toll-OperateTransfer (TOT) basis.
Key highlights of the Project are as under:
| Project length | 158 km |
| Project features | The Project will have toll plaza at 22 interchanges, 8 major bridges, 122 minor bridges, a flyover, 4 railway over bridges, 168 underpasses, large number of culverts & causeways. Total service road length is ~ 294 Kms. The Project has close loop tolling. |
| Upfront Payment to be made to the HMDA | Rs 7,380 crore |
| Concession Period | Revenue linked Concession Period of 30 years from the Appointed Date |
| Other | IRB endeavours to implement this Project through its Associate viz. IRB Infrastructure Trust |
IRB Infra had received Letter of Award for this project on 27 th April 2023 after emerging the selected bidder in global competitive bids invited by the Hyderabad Metropolitan Development Authority (HMDA).
While commenting on the development, Mr. Virendra D. Mhaiskar, Chairman & Managing Director said, “It’s our honour to have this prestigious project in our portfolio. We are grateful to the authorities for expressing high trust and confidence in IRB Infra’s rich domain expertise, experience and impeccable record of executing large sized projects across varied geographical terrains of the country. Considering our track record of more than two decades in arranging finances for large sized projects, coupled with our key strength of maintaining strict and strong financial discipline throughout, we are confident of achieving financial closure within stipulated timeframe and get appointed date for taking possession of the project.” He added, “We look forward to bringing World Class travel and project management experience for commuters and other stakeholders of the project.”
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