IRB Hapur Moradabad Tollway, the SPV of IRB Infrastructure Developers has received completion certificate from NHAI for its Hapur to Moradabad six laning highway project in the State of Uttar Pradesh.
IRB Infrastructure Developers had earlier bagged the project of six laning of the 99.867 Kms section of Hapur to Moradabad stretch on NH-9 in the State of Uttar Pradesh on Design, Build, Finance, Operate & Transfer (DBFOT) basis with concession period of 22 years.
This project is a part of the IRB Infrastructure Trust, a Private InvIT, which will significantly benefit with cash-flows accruing from approximately 65 percent increase in toll tariffs.