{"id":11321,"date":"2018-03-07T08:40:09","date_gmt":"2018-03-07T08:40:09","guid":{"rendered":"http:\/\/www.irb.co.in\/home\/?p=11321"},"modified":"2018-03-07T08:54:32","modified_gmt":"2018-03-07T08:54:32","slug":"irb-infras-spv-solapur-yedeshi-tollway-pvt-ltd-sytpl-achieves-cod-for-its-solapur-yedeshi-four-laning-highway-project","status":"publish","type":"post","link":"https:\/\/www.irb.co.in\/home\/2018\/03\/07\/irb-infras-spv-solapur-yedeshi-tollway-pvt-ltd-sytpl-achieves-cod-for-its-solapur-yedeshi-four-laning-highway-project\/","title":{"rendered":"IRB INFRA&#8217;S SPV SOLAPUR \u2013 YEDESHI TOLLWAY PVT. LTD. (SYTPL) ACHIEVES COD FOR ITS SOLAPUR \u2013 YEDESHI FOUR LANING HIGHWAY PROJECT"},"content":{"rendered":"<p><strong>COMPANY STARTS TOLLING ON THE PROJECT W.E.F. 7<sup>TH<\/sup> MARCH 2018 IN LINE WITH THE PROVISIONAL CERTIFICATION FROM COMPETENT AUTHORITY <\/strong><\/p>\n<p><strong>PROJECT HAS A CONCESSION PERIOD OF 29 YEARS<\/strong><\/p>\n<p><strong>Mumbai, March 7, 2018: <\/strong>Solapur \u2013 Yedeshi Tollway Pvt. Ltd. (SYTPL), the Special Purpose Vehicle of India\u2019s leading and largest highway infrastructure developer, IRB Infrastructure Developers Ltd., has commissioned its four laning highway project Solapur \u2013 Yedeshi, in the State of Maharashtra, on March 7, 2018; thus, throwing open all four lanes for vehicular traffic.<\/p>\n<p style=\"text-align: justify;\">Speaking on the occasion, the Chairman &amp; Managing Director of the Company Mr. Virendra D. Mhaiskar said, <strong><em>\u201cWe are happy to open the newly widened highway for travelers. We hope that it would bring quicker and smoother connectivity and traveling experience, with high safety to the commuters commuting between Solapur and Osmanabad.\u201d<\/em><\/strong> He further added, <strong><em>\u201cThis is our second project commissioned after Kaithal \u2013 Rajasthan Border Project in September 2017, and fifth project to start tolling &#8211; in FY 2018; which demonstrates our execution capacities.\u201d <\/em><\/strong><\/p>\n<p><strong>Key features of the project:<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\">6<sup>th<\/sup> completed project and 10<sup>th<\/sup> project to start Tolling in IRB Infra\u2019s BOT Portfolio<\/li>\n<li style=\"text-align: justify;\">Total project length 98.72 Kms section on NH 211. The stretch connects the prime places in the State including Tulajapur and Osmanabad.<\/li>\n<li style=\"text-align: justify;\">NHAI awarded this project under DBFOT pattern to IRB Infra for converting existing 2 lanes into 4 lanes, at a Project cost of Rs.1492 Crores, with a grant of Rs 189 Crores<\/li>\n<li style=\"text-align: justify;\">The project will have service road of 33.6 kms; 11 pedestrian underpasses; 7 flyovers; 2 major bridges; 25 small bridges; 66 intersections; 134 culverts; and one railway over bridge along with 2 Toll Plazas<\/li>\n<li style=\"text-align: justify;\">The Concession period for project is 29 years<\/li>\n<li style=\"text-align: justify;\">Tolling commenced w.e.f. March 7, 2018 midnight<\/li>\n<li style=\"text-align: justify;\">COD achieved in line with provisional certification issued by the Competent Authority<\/li>\n<\/ul>\n<p><strong><u>About IRB Infrastructure Developers Ltd:<\/u><\/strong><\/p>\n<p style=\"text-align: justify;\">IRB Infrastructure Developers Ltd (IRB) is one of the largest private roads and highways infrastructure developers in India.<\/p>\n<p style=\"text-align: justify;\">The Company at present is having 6 projects under operational BOT space; 4 projects under Tolling &amp; Construction, 7 projects under O &amp; M contracts as a Project Manager for IRB InvIT and another 3 projects under various stages of construction.<\/p>\n<p style=\"text-align: justify;\">IRB Group, in the 20<sup>th<\/sup> year of its journey towards excellence since inception, has achieved an unmatchable milestone of crossing 12,000 lane Kms, along with almost 20% share in India\u2019s prestigious Golden Quadrilateral project; which is the largest by any private highways infrastructure developers in India.<\/p>\n<p>Company\u2019s construction order book as on 31<sup>st<\/sup> December 2017 stands at Rs.7400 Crores.<\/p>\n<p style=\"text-align: justify;\">IRB Infrastructure Developers Ltd. is India\u2019s first Infrastructure developer Company to have privilege of successfully launching and listing of India\u2019s first ever InvIT IPO and also transferring 7 projects under the same. The Company was recently conferred on the prestigious <strong><em>\u2018FinanceAsia \u2013 Best India Deal &#8211; Achievement Award 2017<\/em>\u2019<\/strong> at Hong Kong.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>For further details, please contact:<\/strong><\/p>\n<ul>\n<li><strong>Vivek Devasthali,<\/strong> Head \u2013 Corporate Communications, 99300 80099, <a href=\"mailto:vivek.devasthali@irb.co.in\">devasthali@irb.co.in<\/a><\/li>\n<li><strong>Shahab Shaikh,<\/strong> Concept PR, 93208 97525, <a href=\"mailto:shahab@conceptpr.com\">shahab@conceptpr.com<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>COMPANY STARTS TOLLING ON THE PROJECT W.E.F. 7TH MARCH 2018 IN LINE WITH THE PROVISIONAL CERTIFICATION FROM COMPETENT AUTHORITY PROJECT HAS A CONCESSION PERIOD OF 29 YEARS Mumbai, March 7, 2018: Solapur \u2013 Yedeshi Tollway Pvt. Ltd. (SYTPL), the Special Purpose Vehicle of India\u2019s leading and largest highway infrastructure developer, IRB Infrastructure Developers Ltd., has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-11321","post","type-post","status-publish","format-standard","hentry","category-media-release"],"_links":{"self":[{"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/posts\/11321"}],"collection":[{"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/comments?post=11321"}],"version-history":[{"count":0,"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/posts\/11321\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/media?parent=11321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/categories?post=11321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/tags?post=11321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}