IRB Infrastructure Developers’ wholly-owned subsidiary — Meerut Budaun Expressway has achieved financial closure for the ambitious Ganga Expressway Group 1 Greenfield BOT project in the state of Uttar Pradesh (UP).
The project is to Build, Operate and Transfer the six lane Greenfield Expressway corridor of 129.700 Kms (expandable to eight lanes) between Meerut and Budaun in Uttar Pradesh, with a cost outlay of Rs 6,538 crore. With this, all the projects in the portfolio have been financially closed, which helps the company in focusing on upcoming opportunities in the sector.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.