IRB Infrastructure Developers has mopped up Rs 775 crore through loan for its two road project.

Two of the company's subsidiaries -- IRB Talegaon Amravati Tollway and IRB Goa Tollway -- have tied up debt of Rs 475 crore and Rs 300 respectively for the projects awarded to it by NHAI.

Infrastructure Development Finance Company (IDFC) led conglomerate has financed these projects. The consortium comprises of Canara Bank, Bank of Baroda and Union Bank of India. IDFC has provided Rs 380 crore in aggregate for these two projects while remaining part has been financed by other banks of the consortium.

Talegaon - Amravati highway project is for four-laning of Talegaon-Amravati section of NH-6 in Maharashtra on DBFOT basis. The construction period is 910 days and concession period 22 years. IRB has sought a grant of Rs 216 crore from the NHAI.

The Goa Tollway project is for four-laning of NH-4A from Goa/ Karnataka border in Goa also on DBFOT basis. The construction period is 910 days and concession period 30 years. For this project, IRB has sought a grant of Rs 186.30 crore from NHAI.

Also See:

IRB Infra arms achieve financial closure for road projects (22-Mar-10)