Road

India’s road construction company IRB Infrastructure Developers (IRB Infra) has secured a Rs23bn ($384m) road project in the state of Haryana.

Awarded by the National Highways Authority of India (NHAI), it involves four-laning of the section of NH-152/65 from 33,250km to 241,580km in Haryana’s Kaithal-Rajasthan border .

The project will be carried out as build-operate-transfer (BOT) on design-build-finance-operate-transfer model under National Highways Development Project (NHDP)-IV.

The road programme is to be built over a period of 910 days, with a concession period of 27 years.

According to IRB Infra, the contract will expand its base in Haryana, as well as help in the geographic diversification of projects.

The contract will not only boost the visibility of IRB Infra’s construction order book for the next three to four years, but will also see its value increase from Rs86bn ($1.43bn) to nearly Rs106bn ($1.76bn), with the orders scheduled to be executed within the next four years.

In April, IRB announced that it had secured a Rs32bn ($534m) project from NHAI in Maharashtra for four-laning of the Yedeshi to Aurangabad stretch of the national highway 211 (NH-211), from 100km to 290.20km.

Image: The new project will be carried out on design-build-finance-operate-transfermodel under National Highways Development Project (NHDP)-IV. Photo: courtesy of Petr Kovar.