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IRB Infrastructure’s arm achieves financial closure for Vadodara-Mumbai Expressway project

IRB Infrastructure’s arm achieves financial closure for Vadodara-Mumbai Expressway project

IRB Infrastructure Developers’ Wholly-owned Subsidiary (SPV) — VK1 Expressway has achieved financial closure for the project of construction of eight lane Vadodara Kim Expressway from Km 355.00 to Km 378.740 (Padra to Vadodara section of Vadodara Mumbai Expressway) in the State of Gujarat under NHDP phase -VI on Hybrid Annuity Mode (Phase IA-Package I).

With this SPV achieving financial closure, the company has received financial closure for all three Hybrid Annuity (HAM) projects awarded to it.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.

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