IRB Infrastructure Developers, yesterday, announced that Pathankot Amritsar four-laning project has been issued a Provisional Certificate by the Competent Authority effective 27 November, 2014.
Consequently, the SPV has started toll collection on this project effective from 28 November, 2014.
The Pathankot Amritsar project was executed by IRB Pathankot Amritsar Toll Road, a wholly-owned SPV of IRB Infrastructure.
The project involved four-lanning of Pathankot to Amritsar Section of NH - 15 from Km.6.082 to Km. 108.502 in the State of Punjab under NHDP Phase III on BOT (Toll) Basis.
The project was completed in December 2013 at an estimated cost is Rs 1,445 crore. The concession period for the road project is 20 years.
IRB baaged this project on Viability Gap Funding (VGF) basis in August 2009 and had sought VGF of Rs 126.90 crore from NHAI.
More Project Info:
Pathankot-Amritsar NH-15 Road Project