For its Hapur to Moradabad six-lane highway project in Uttar Pradesh, IRB Hapur Moradabad Tollway has got a completion certificate from NHAI.
As a result, the corporation is now able to charge toll at higher rates, which are around 65 percent more than the previous toll rates.
IRB Infrastructure Developers’ special purpose vehicle, the IRB Hapur Moradabad Tollway, is now a part of the IRB Infrastructure Trust – Private InvIT.
IRB Infrastructure Developers had previously been awarded the Design, Build, Finance, Operate, and Transfer (DBFOT) project for the six-laning of the 99.867 km part of the Hapur to Moradabad stretch on NH-9 in Uttar Pradesh with a 22-year concession period.
