IRB Infrastructure Trust has announced plans to avail borrowings of up to 72 billion rupees in term loans. The funds will be directed toward investment in IRB Harihara Corridors under the TOT-17 project, strengthening India’s highway infrastructure and supporting long-term growth in the transport sector.
IRB Infrastructure Trust, backed by IRB Infrastructure Developers, has unveiled a major financing initiative to support its latest highway project. The trust will raise up to 72 billion rupees through term loans, earmarked for investment into IRB Harihara Corridors as part of the TOT-17 (Toll-Operate-Transfer) project. The move underscores IRB’s commitment to expanding India’s road network and enhancing connectivity.
Key highlights from the announcement include
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IRB Infrastructure Trust will avail borrowings of up to 72 billion rupees in term loans.
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The funds will be invested into IRB Harihara Corridors under the TOT-17 project.
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The TOT-17 project involves long-term tolling rights, ensuring stable revenue streams for the trust.
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IRB Infrastructure Trust continues to play a pivotal role in India’s highway development program.
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The financing initiative reflects investor confidence in the trust’s ability to execute large-scale infrastructure projects.
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The investment is expected to boost regional connectivity and support economic growth.
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IRB’s strategy aligns with the government’s focus on strengthening national highway infrastructure.
The announcement highlights IRB Infrastructure Trust’s proactive approach to financing and execution, reinforcing its position as a leading player in India’s road sector. With the TOT-17 project, the trust is set to contribute significantly to the country’s infrastructure expansion.
Sources: Business Standard, Economic Times, Moneycontrol