IRB Infra bags Maharashtra airport contract

IRB Infra bags Maharashtra airport contract
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First Published: Tue, Aug 04 2009. 10 03 AM IST
Updated: Tue, Aug 04 2009. 10 03 AM IST
Mumbai: IRB Infrastructure Ltd said on Tuesday that it has won a contract to construct a greenfield airport in Sindhudurg district of the western Indian state of Maharashtra.
IRB has been granted a concession period of 95 years with a construction period of 18 months, for the project which IRB will design, build, finance and operate.
The company will form a special purpose vehicle for the project, IRB said in a statement to the Bombay Stock Exchange (BSE).
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First Published: Tue, Aug 04 2009. 10 03 AM IST