The Trust primarily intends to own, operate and maintain a portfolio of six toll-road assets in the Indian states of Maharashtra, Gujarat, Rajasthan, Karnataka and Tamil Nadu.
These toll roads are operated and maintained pursuant to concessions granted by the NHAI.
Vadodara Kim Expressway (Part of prestigious Delhi Mumbai Expressway Project)
On May 9, 2018, the NHAI and VEPL (VK1 Expressway Private Limited) (a Concessionaire), an SPV of IRB Infrastructure Developers Ltd., entered into a Concession Agreement to construct the Padra – Vadodara section of Vadodara-Kim Expressway Project.
The concession period of the Project is 17 years from the Appointed Date (2 years of construction and 15 years of operation from COD).
Tumkur to Chitradurga NH 4 Project
On August 16, 2010, the NHAI and ITCTPL entered into a concession agreement in respect of the Tumkur–Chitradurga NH 4 Project. ITCTPL was engaged to expand a 114.00 km section of NH 4 between Tumkur and Chitradurga in Karnataka from four to six lanes on a BOT basis in the DBFOT format. Construction on the project commenced on June 4, 2011. ITCTPL received a provisional certificate of completion on July 4, 2014.
Jaipur – Deoli NH 12 Project
On December 16, 2009, the NHAI and IJDTPL entered into a concession agreement in respect of the Jaipur–Deoli NH 12 Project. IJDTPL was engaged to expand a 148.77 km section of NH 12 between Jaipur and Deoli in Rajasthan from two lanes to four lanes on a DBFOT basis. The project received a provisional completion certificate on September 27, 2013 and IJDTPL commenced partial tolling for a project length of 119.75 kms on that date. Subsequently, IJDTPL received a second provisional completion certificate on May 20, 2014, and received a final completion certificate with effect from April 1, 2016 and began collecting tolls for the rest of the project length.
Omalur – Salem – Namakkal NH 7 Project
In October 2012, the Sponsor acquired a 74% equity interest in MITPL, a Project SPV incorporated to expand a 41.575 km section of NH 7 from Salem to Namakkal in Tamil Nadu from two lanes to four lanes and to improve, operate and maintain a 7.85 km section of NH 7 from Omalur to Salem in Tamil Nadu, in each case on a BOT basis pursuant to a concession agreement dated February 16, 2006 between MITPL and the NHAI.
Talegaon – Amravati NH 6 Project
On November 18, 2009, the NHAI and ITATPL entered into a concession agreement in respect of the Talegaon–Amravati NH 6 Project. ITATPL was engaged to construct a 66.725 km four-lane road on the section of NH 6 from Talegaon to Amravati in Maharashtra on a DBFOT basis. A provisional completion certificate was issued on April 24, 2013, and ITATPL commenced partial tolling on a project length of 45.31 Kms on this date. ITATPL achieved the second provisional completion on March 31, 2014, and commenced tolling on the total project length of 63.695 Kms on this date.
Pathankot – Amritsar NH 15 Project
On November 16, 2009, the NHAI and IPATRPL (IRB Pathankot Amritsar Toll Rood Private Limited) (a Concessionaire), an SPV of IRB Infrastructure Developers Ltd., entered into a Concession Agreement to develop, operate and maintain the Pathankot – Amritsar section of NH 15 Project. The concession period of the Project is 20 years from the Appointed Date.