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Thursday, July 25, 2024

NH 44 Stretch: IRB Infrastructure Trust Chosen as Preferred Bidder

In a significant development, IRB Infrastructure Trust, an integral associate of IRB, has triumphantly secured the coveted status of being the preferred bidder for the extensive 316-kilometer-long Lalitpur – Lakhnadon segment of NH 44. This noteworthy undertaking, awarded under the prestigious Toll-Operate-Transfer (TOT) model, involves a substantial upfront payment of a whopping Rs 4,428 crore to the esteemed National Highways Authority of India (NHAI). This payment is to be made upon the successful achievement of financial closure, thereby granting the privileged rights for toll collection over a prolonged 20-year concession period, intricately linked with the revenue generated. This exciting development has been officially disclosed through an official statement by IRB Infrastructure Trust.

For the formidable IRB Group, this strategic project marks a momentous foray into the vibrant state of Madhya Pradesh, which proudly stands as the 12th state in India to witness the Group’s enterprising endeavors. A notable aspect underscored in the statement is the project’s promising capability to start generating positive cash flows from its very first year of operation.

The TOT-12 project, which spans across the extensive stretch from Lalitpur to Lakhnadon, stands as a truly monumental milestone in the realm of transportation infrastructure. Covering a staggering 316 kilometers, which translates to an impressive 1,264 lane kilometers, it serves as the single largest and most crucial highway linkage between the northern city of Srinagar and the southern gem of Kanyakumari. This expansive project strategically connects some of the prominent urban centers in Madhya Pradesh, including the likes of Lalitpur, Gwalior, Sagar, Narsinghpur, and Lakhnadon. Furthermore, it boasts the presence of four strategically located Toll Plazas positioned at Malthone, Chitora, Titarpani, and Bakori, ensuring the efficient management of the toll collection operations.

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