In September 21 1998, the Ministry of Road Transport & Highways (MORTH) and IRBPL (Ideal Road Builders Private Limited) (a Concessionaire), an SPV of IRB Infrastructure Developers Ltd., entered into a Concession Agreement to develop, operate and maintain the Thane Bhivandi Bypass Project. The concession period of the Project is 18 years and 6 months from the Appointed Date. The Concessionaire is allowed to collect the notified user fee from the road users during this period.
The Project Highway is a section of the NH 3.IRBPL was entrusted to expand a 24 km section between Thane and Bhivandi in Maharashtra from two lanes to four lanes. The Thane Bhivandi Bypass Project comprise the section from km 0.115 to km 23.509.
The Project Features
₹ 104 Crs
Four – Lane Carriageway
New Lane & Major Bridge on Kasheli Creek
NH 3, commonly referred to as the Agra–Bombay Highway or AB Road, is a major Indian National Highway that runs through the states of Uttar Pradesh, Rajasthan, Madhya Pradesh and Maharashtra in India.