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IRB Goa Tollway Private Limited

Sector: Road • Location: India

Source: World Bank Group

Project
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IRB Goa Tollway Private Limited was created to implement the four lanning of NH 4A from Goa/Karnataka Border Km 84 to Panaji-Goa Km 153.070 with total length of 69.07 km in Goa under NHDP Phase III. National Highway Authority of India awarded the project to IRB Goa Tollway Private Limited, a subsidiary of IRB Infrastructure Developers under a 30 year design, engineering, finance, construction, op

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The project “IRB Goa Tollway Private Limited” is an infrastructure initiative in the Road sector, located in India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

IRB Goa Tollway Private Limited was created to implement the four lanning of NH 4A from Goa/Karnataka Border Km 84 to Panaji-Goa Km 153.070 with total length of 69.07 km in Goa under NHDP Phase III. National Highway Authority of India awarded the project to IRB Goa Tollway Private Limited, a subsidiary of IRB Infrastructure Developers under a 30 year design, engineering, finance, construction, operation and maintenance contract s plus 30 months of construction. The contract was awarded in January 2010 and the concession contract was signed in Febraury 2010. The project cost was estimated to be INR8.32 billion (US$181.94 million). The project cost reached financial closure in March 2010 when an INR 3000m term loan facility, maturing April 15, 2026 was syndicated. IDFC (INR 1800m), was sole book-runner and mandated lead arranger along with lenders Canara Bank (INR 450m), Bank of Baroda (INR 400m), and Union Bank of India (INR 350m).

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