IRB Infra receives LoA for Vadodara-Mumbai Expressway stretch
New Delhi, Aug 2 : IRB Infrastructure Developers on Sunday said that it has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for constructing the Gandeva-Ena stretch of the Vadodara-Mumbai Expressway.
"We are pleased to inform you that the Company has now received Letter of Award from NHAI for Hybrid Annuity Project under Bharatmala Pariyojana (Phase I-Package VII)," the company said in a regulatory filing.
Last week the IRB Infra had said that it has emerged as a preferred bidder for the hybrid annuity project.
The concession will comprise 730 days for construction and 15 years operations and maintenance rights thereafter.
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