On 16th November 1998, the NHAI and Ideal Road Builders Pvt. Ltd (a Concessionaire), 100% subsidiary of IRB Infrastructure Developers Ltd., entered into a Concession Agreement to construct additional two lanes with tunnel including strengthening of existing weak two lane stretch of NH-4 between Pune and Satara. The concession period of the Project was 10 years and 3 months and 13 days from the Appointed Date.
The Concessionaire was allowed to collect the notified user fee from the road users during this period.
Ideal Road Builders Pvt. Ltd. was entrusted to construct tunnel strengthen the existing stretch of 8 Kms section of NH-4 between Kms 773.000 to Km 781.000.
The Project Features
NH-4 is important National Highway, a part of Golden Quadrilateral, ensuing connectivity to South India.