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The National Highways Authority of India has chosen IRB Infrastructure Developers Ltd for four-laning the Goa/Karnataka border to Kundapur section of NH-17 from Km 93.7 to Km 283.3 in the State of Karnataka under NHDP phase IV.
The project will be built on Design, Build, Finance, Operate and Transfer basis.
In a statement to the BSE, the company has said that the project cost is about Rs 2,400 crore. The concession period is 28 years and the construction period is 910 days.
IRB has sought Rs 536.22 crore as viability gap funding from NHAI.
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