New Delhi, Nov 9 (PTI) VM-7 Expressway, a Special Purpose Vehicle of IRB Infrastructure Developers, on Tuesday said it has received a contract letter from NHAI for its 27.500 km long Gandeva-Ena hybrid annuity project on the upcoming Vadodara-Mumbai Expressway.

The SPV is now set to commence the construction work on the project soon, the company said in a statement.

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The statement further said the project is under the central government's ambitious Bharatmala Pariyojana, Phase-I in Gujarat and the project cost outlay is Rs 1,755 crore.

The concession will comprise 730 days for construction and 15 years of operations and maintenance rights thereafter, it added.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)