The National Highway Authority of India (NHAI) has awarded the concession of 63.83 km stretch of NH 19 from Dankuni to Palsit in west Bengal to IRB Infrastructure Developers. The project will be procured on design, build, finance, operate, and transfer (DBFOT) model.
The concession period for the project is 17 years, including 910 days for construction. The estimated investment for the project is INR 21.93 billion (US$ 291.75 million).
Country updates
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July 13, 2020
BP invests US$70mn in Green Growth Equity Fund
British oil and gas major BP is set to invest in the Green Growth Equity Fund (GGEF) in India. The fund, established in 2018, is focused on identifying, investing, and supporting growth in zero c...
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July 09, 2020
RFP launched for Bundle 4 of Indian toll highway project
The National Highway Authority of India (NHAI) has launched a request for proposal (RFP) seeking private partner for the development of seven national highway stretches as part of bundle 4 plan....
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July 07, 2020
First payment made by concessionaire for Mumbai-Pune Expressway project
The Maharashtra State Road Development Corporation (MSRDC) has received the first payment of INR 65 billion (US$ 872.13 million) from the SPV IRB MP Expressway Pvt Ltd. The SPV is managed by...
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July 07, 2020
Indian government launches procurement process for passenger train service privatization
The Indian Railways has launched a tender notice seeking private railway operators to operate and manage passenger services at 109 origin destinations involving use of 151 new trains. The trains will...
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June 18, 2020
IFC to assist in renewable energy PPP projects in India
International Finance Corporation (IFC) will provide advisory support and assist the Solar Energy Corporation of India Limited (SECI), Ministry of New and Renewable Energy, Government of India in...
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