IRB’s AE Tollway commneces work on Agra-Etawah bypass

• Posted in Infrastructure
• on August 5, 2016
• No Comments.

IRB Infrastructure today said its special purpose vehicle (SPV) AE Tollway has commenced construction work on the Rs 2,650 Agra-Etawah bypass road project.

The company said it has also started toll operations on the road from August 1, 2016.

Sudhir R Hoshing, Joint Managing Director, IRB Infrastructure Developers said, “We are pleased to commence the widening work of Agra-Etawah bypass road. Once completed, the corridor will provide congestion free, safe and more comfortable travel to commuters with much reduced travel time.”

The company has recently achieved a financial closure for the project.

It had bagged Rs 2,650 crore project of six laning of the 124 km section of Agra-Etawah bypass road on NH-2 in Uttar Pradesh.

The project is on design, build, finance, operate and transfer (DBFOT) basis, as envisaged by the NHAI under its Phase-V of the National Highway Development Projects (NHDP). Mike White Jersey

Share This