Sunday 28 August 2016
facebook.com/Outlookindia twitter.com/outlookindia digimag.outlookindia.com instagram.com/outlookindia youtube.com/user/OutlookMagazine

IRB Infra Wins Bid for Toll Collection at Mumbai-Pune E-way

New Delhi

IRB Infrastructure Developers has won the bid to develop toll collection booths at the Mumbai- Pune Expressway.

According to sources, six bidders including IRB Infrastructure, were in the fray for the assignment where it has emerged as the winner. The other five companies were Ashoka Buildcom, ILFS, Essel Infra, Patel Infra and Reliance Infrastructure.

The existing concessionaire for the country's first expressway is IRB Infrastructure.

Sources said the rate of return for IRB Infra is likely to be be less than 2 per cent.

Maharashtra State Road Development Corporation (MSRDC) had invited financial bids from the six qualified companies and the last date for bid submissions was yesterday.

At present, IRB Infra is in charge of operation, maintenance and toll collection on the Expressway, which has five toll stations -- Shedung, Khalapur, Kusgaon, Talegaon and Khalapur Connector.

The company had purchased toll collection rights with an upfront payment of Rs 918 crore in 2004 and has a 15-year concession period valid till August 8, 2019.

It also collects toll at four points on the old Mumbai- Pune highway at Sheelphata, Dehu Road, Shedung and Kusgaon.

As per the sources, the winning concession period for the current contract is 8 years and 10 months.

MSRDC also received sanction from the National Highways Authority of India for road-widening on certain stretches at Nigdi, Dehu and Panvel of the expressway.

READ MORE IN:
PLACES: MumbaiPune
SECTION: Business
OUTLOOK 22 August, 2014
© Copyright PTI. All rights reserved. Republication or redistribution of any PTI content, including by framing or similar means, is expressly prohibited without their prior written consent.
Download the Outlook ​Magazines App. Six magazines, wherever you go! Play Store and App Store

Post a Comment

You are not logged in, please Log in or Register
  • Daily Mail
THE LATEST ISSUE
CLICK IMAGE FOR CONTENTS
OUTLOOK ON TWITTER
POLLS

In 1999, India and France entered into a $3.5 billion deal for the supply of these submarines. The first of the 6 subs is out on sea trials for the last three months and is to be commissioned later this year. At this stage, a newspaper in Australia has revealed secret data on the submarines, plausibly stolen from India. Indian Defence authorities have ruled out any pilferage of data from India.

POLL STARTED ON: Aug 26, 2016
Quiz
Brazil’s Rio de Janeiro is hosting the 31st Olympic Games from August 5 to 21. This is the first Olympics being held in South America and is going on even as a majority Brazilians are unhappy with their rulers. Here’s a quiz on some random Olympic facts and related trivia.
QUIZ STARTED ON: Aug 11, 2016
Advertisement