NEW DELHI: IRB Infrastructure Trust, the private InvIT of IRB, has received the letter of award from NHAI for Rs 4,428 crore road project. This award takes the company’s asset base to Rs 75,000 crore, IRB Infrastructure said in a statement on Sunday.
“IRB Infrastructure Trust (Private InvIT) receives the Letter of Award (LoA) from NHAI (National Highways Authority of India) for Rs 4,428 crore Lalitpur-Lakhnadon NH 44, TOT-12 project for the revenue linked concession of 20 years,” the statement said.
The project entails tolling and operation and maintenance (O&M) activities on the largest single continuous stretch of 316 km (1,264 lane km) on the North-South corridor of NH44.
