Vadodara – Kim (Padra-Vadodara) Expressway (Phase-IA Package-I) Project

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On May 9, 2018, the NHAI and VEPL (VK1 Expressway Private Limited) (a Concessionaire), an SPV of IRB Infrastructure Developers Ltd., entered into a Concession Agreement to construct the Padra – Vadodara section of Vadodara-Kim Expressway Project. The concession period of the Project is 17 years from the Appointed Date (2 years of construction and 15 years of operation from COD). This is first Hybrid annuity project of the company.

The Concessionaire shall receive semiannual annuity from the NHAI during this operation period and shall also receive Operation & Maintenance payment for the maintenance of the project highway. 40% of the Project cost would be funded by NHAI during the construction period.

VEPL was entrusted to construct an eight lane 23.74 Km section of Expressway between Vadodara and Kim in Gujarat on a Hybrid Annuity Mode (HAM) basis.

The Padra – Vadodara Project comprises the section of Vadodara Kim Expressway from km 355.00 to km 378.740 (Phase-IA Package-I).

The Project Features

Corridor Description

Vadodara-Mumbai Expressway is proposed eight lane expressway in India.

The proposed Main Expressway passes through the states of Maharashtra, Gujarat and Union territory of Dadra & Nagar Haveli. The total length of the proposed expressway is about 379 km and runs generally parallel to the existing NH-8.

The Package I of the Expressway starts from Km 355+000 and ends at Km 378.740 (Km 80 of NE-1) near Vadodara. It passes through Vadodara district in the state of Gujarat

The alignment of this package passes mainly through plain cultivated and barren areas. These districts are rich in industrial production. There are many industrial estates and factories in these states both in public and private sectors. Textiles, chemical, petroleum and petro-chemical, paper & pulp, diamond, are located in state of Gujarat.

The Mumbai–Ahmedabad Corridor in the western part of the country is one of the important and densest transport corridors of the country which connects financial capital Mumbai to Ahmedabad business city of Gujarat.