IRB Infrastructure Developers Ltd announced that its project SPV, Palsit Dankuni Tollway Pvt. Ltd., a part of its Private InvIT joint venture, has received the Completion Certificate (COD) from the National Highways Authority of India (NHAI) for 61.3 km of the total 63.83 km stretch of the Palsit-Dankuni NH19 BOT project in West Bengal. With the COD in place, the company is now authorized to begin toll collection at a revised tariff, which reflects a 47% increase.

Commenting on the milestone, Chairman and Managing Director Mr. Virendra D. Mhaiskar stated that achieving the COD is a major step forward, allowing toll operations to commence under the revised rates outlined in the Concession Agreement. He expressed confidence that the project will offer a safe and world-class commuting experience, adding that toll revenue is expected to rise by approximately ?100 crore annually based on Q1 FY25 trends.

This is IRB’s first project in the state of West Bengal and involves the 4 to 6-laning of a 63.83 km stretch on NH19 between Palsit and Dankuni, with a total project cost of ?2,403 crore and a concession period of 17 years.

IRB Infrastructure Developers Ltd is India’s first integrated multinational transport infrastructure developer in the roads and highways sector. With over 25 years of experience, the company currently operates and maintains approximately 15,500 lane kilometers across India. It holds an asset base of around ?80,000 crore spread across 12 states and has completed 13 concession projects to date. The IRB Group now manages 26 road projects, including 18 BOT, 4 TOT, and 4 HAM projects, and maintains significant market share in India’s toll-operate-transfer (TOT) and national highway development programs.