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Palsit - Dankuni tollway

Sector: Road • Location: West Bengal, India

Source: World Bank Group

Project
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This project consists of construction of 6 laning of NH19 corridor between Palsit to Dankuni in the State of West Bengal with total length of 63.83 km. Palsit Dankuni Tollway Pvt. Ltd. is the project company and IRB Infrastructure Developers Ltd. (IRB Infra) is the sponsor. In May 2021, the sponsor offered to pay the highest 10.8% premium for the Palsit to Dankuni stretch, outbidding the other 3

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The project “Palsit - Dankuni tollway” is an infrastructure initiative in the Road sector, located in West Bengal, India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

This project consists of construction of 6 laning of NH19 corridor between Palsit to Dankuni in the State of West Bengal with total length of 63.83 km. Palsit Dankuni Tollway Pvt. Ltd. is the project company and IRB Infrastructure Developers Ltd. (IRB Infra) is the sponsor. In May 2021, the sponsor offered to pay the highest 10.8% premium for the Palsit to Dankuni stretch, outbidding the other 3 participants in the tender. The concession of the road is under a BOT scheme for a period of 17 years from the appointed date, including construction period of 910 days. Total investment stands at $312.18 million, of which $222.6 million is provided by lenders, while the sponsor contributed $89.58 million. Financial close took place on 11 January, 2022. https://www.irb.co.in/home/wp-content/uploads/2022/01/PressRelease_FC-PalsitDankuniBOT_Final_11thJanuary.2022.pdf https://www.constructionworld.in/transport-infrastructure/highways-and-roads-infrastructure/irb--adani-bid-premium-on-bot-road-projects-in-bengal/26288

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