IRB Infra Trust Receives Completion Certificate for Palsit Dankuni Project; Toll Rates Up 47%

IRB Infrastructure Developers Ltd. announced that Palsit Dankuni Tollway Private Limited, a Project SPV of IRB Infrastructure Trust, has received the Completion Certificate (COD) for the Palsit Dankuni project. The project involves 4 to 6 laning of a 63.83 Kms stretch of NH19 between Palsit and Dankuni in West Bengal. With the COD in place, the company is allowed to collect toll at revised tariff rates with a 47% increase, which is expected to boost the project's annual toll revenue by approximately ₹100 crore.

Project DetailsParticulars

Details

Project

Palsit Dankuni Tollway ProjectSPV

Palsit Dankuni Tollway Private LimitedLaning

4 to 6 laningLength

63.83 Kms (378 Lane Kms)Revised Toll Rate Increase

47%Expected Annual Toll Revenue Increase

₹100 CroreProject Cost

₹2,403 CroresConcession Period

17 years

Project OverviewThe Palsit Dankuni Tollway project is a significant infrastructure development involving the 4 to 6 laning of a 63.83 Kms stretch on NH19 between Palsit and Dankuni in West Bengal. The project was executed by Palsit Dankuni Tollway Private Limited, a special purpose vehicle (SPV) under IRB Infrastructure Trust. The total project cost is ₹2,403 crore, with a concession period of 17 years.Operational HighlightsThe receipt of the Completion Certificate (COD) from the National Highways Authority of India (NHAI) marks a crucial milestone, allowing the company to commence toll collection at revised tariff rates. The revised rates include a 47% increase, which is expected to result in an additional ₹100 crore in annual toll revenue.Management CommentaryMr. Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd, stated that receiving the COD is a significant milestone for the project. He expressed confidence that the project would provide a world-class and safe commuting experience. He also acknowledged the contributions of all stakeholders in achieving this milestone.Market Impact

The announcement of the Completion Certificate for the Palsit Dankuni project is likely to have a positive impact on IRB Infrastructure Developers Ltd. The commencement of toll collection at revised rates is expected to enhance the company's revenue stream.