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CG Tollway Private Ltd., a wholly-owned Subsidiary and a Special Purpose Vehicle (SPV) of IRB Infrastructure Developers Ltd., has received Appointed Date from NHAI for its Chittorgarh to Gulabpura six laning Highway Project.
The SPV, in line with the NHAI’s Appointed Date, has started tolling as well as construction work on the 124.87 km corridor of NH-79 from 4th November 2017; thus, starting revenue generation from day one.
While commenting on the development, Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Ltd., said, “This is yet another encouraging development for us, post beginning of tolling for Udaipur-Gujarat border project, achieving COD for Kaithal Rajasthan and successfully transferring Amritsar-Pathankot to IRB InvIT. Once completed, we are sure that this project will provide congestion free, safe and comfortable travel experience to the commuters.”