IRB Infrastructure expects to bag 200-300 kms of NHAI road contracts
On the sideline of IRB Infrastructure Developers’ 16th Annual General Meeting recently held in Mumbai, the toll-road company’s Chairman and Managing Director Virendra Mhaiskar said that IRB is eyeing nearly 300 kms of road contracts out of the around 3,500 kms of road projects which the National Highways Authority of India ( NHAI) is likely to bid out this fiscal.
The NHAI is expected to open bidding for approximately 8,500 kms of road projects in the current fiscal year. Nearly 3,500 kms of these road projects will be on build, operate and transfer (BOT) basis, while the remaining will be EPC projects.
Stating that IRB Infrastructure is “qualified for bidding for such large projects,” Mhaiskar drew attention to the fact that two road projects of nearly 356 kms have already been bagged by the company in FY15.
These two projects are: the Rs 3200-crore project involving four-laning of 190 kms of Yedeshi-Aurangabad section of NH-211 in Maharashtra; and the Rs 2300 crore project pertaining to a 166-km stretch of Kaithal to Rajasthan border in Haryana.
Meanwhile, in response to a question about whether IRB would also look at EPC projects, Mhaiskar said: “We are comfortable with BOT projects as we have the expertise in it. Our focus has always been on the toll-projects and we will continue to do so even in future.”
Source – The Economic Times
BOT projects, build operate and transfer, EPC projects, IRB, IRB Infrastructure Developers, National Highways Authority of India, NHAI, Virendra Mhaiskar
