IRB Infrastructure commences operations on Jaipur-Deoli toll project

MUMBAI: IRB Infrastructure Developers today announced it has commenced operations on its Rs 1,733-crore Jaipur-Deoli build-operate-transfer (BOT) project.

Implemented by its wholly-owned special purpose vehicle called IRB Jaipur Deoli Tollways, the company has begun partial toll collection from September 27, a statement said.

The company had and sought viability gap funding of Rs 306 crore from the National Highways Authority of India ( NHAI). The concession period for the project is 25 years.