IRB will upfront pay Rs 6,500 crore and then a staggered payment of Rs 850 crore in the second year, Rs 850 crores in third year, Rs 62 crores in fourth year, aggregating to Rs 8,262 crores for the concession period of 10 years and 2 months. The company will take possession of the project from March 1 and start tolling.
