Jaypee Infratech case: YEIDA agrees with creation of SPVs, but final nod after competent authority approval

The concession agreement was signed between YEIDA (then Taj Expressway Industrial Development Authority) and JAL in February 2003. JAL's rights were transferred to a SPV, JIL in October 2007. The concession period is for 36 years from 2012 to 2048.