Road developer IRB Infrastructure’s SPV Yedeshi Aurangabad Tollway Pvt Ltd (YATPL) has announced the partial commissioning of its four-lane highway project from Yedeshi to Aurangabad in Maharashtra.

Toll collection on the project began on March 17, the company said, as the SPV has completed 161.87 km, out of its total length of 189 km of the Yeshiva-Aurangabad Section of NH-211, or around 85 per cent work of the project, which has a concession period of 26 years.

“The newly widened highway will now have direct and quicker connectivity between two major cities of Maharashtra — Solapur and Aurangabad,” Virendra D Mhaiskar, Chairman and MD, IRB Infrastructure, said.

Yedeshi Aurangabad is the company’s third BOT (build-operate-transfer) project commissioned after two other major projects, Kaithal-Rajasthan Border and Solapur-Yedeshi, were commissioned in September 2017 and in March 2018 respectively.

The company is targeting to complete the entire work on the project by September as there are some land acquisition issues, Sudhir Hoshing, Joint Managing Director, IRB Infrastructure, told BusinessLine .

The developer currently has two other under-construction BOT projects, including the 190-km Goa-Karnataka Border to Kundapur Project on NH-17 in Karnataka, and six-laning of the Agra-Etawah section of NH-2, which has been operational with only 75 per cent tolling.

Both projects should be 100 per cent operational and revenue-earning by end of the first quarter FY20, Hoshing added.

Another project under construction is the 23.74-km Padra (Kim)-Vadodara Hybrid Annuity project, which is part of the upcoming Vadodara-Mumbai Expressway, one of three HAM (hybrid annuity) projects bagged by IRB Infrastructure last year.

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