NHAI awards projects worth Rs 9,384 cr to successful bidders

New Delhi, Dec 18: NHAI has awarded Toll, Operate and Transfer (TOT) projects of a combined length of 273 km for Rs 9,384 crores to successful bidders, Ministry of Road Transport and Highways said on Monday.

The projects have been clubbed into two categories called bundle 13 and bundle 14. TOT bundle 14, which consists of the Delhi-Meerut Expressway including the Delhi-Hapur section of NH-9 in the states of Delhi and Uttar Pradesh, as well as Binjabahal to Teliebani section of NH-6 in the state of Odisha, has been awarded to Cube Highways and Infrastructure Pte Ltd for Rs 7,701 crores.

The TOT bundle 13 includes Kota Bypass and Stay Bridge on NH-76 in Rajasthan, as well as the Gwalior-Jhansi section of NH-75 in the states of Madhya Pradesh and Uttar Pradesh has been awarded to IRB Infrastructure Trust for Rs. 1,683 crores.

The concession period of TOT bundles is for 20 years in which concessionaires would be required to maintain and operate the stretch.

In lieu of this, Concessionaire will collect and retain user fee for these stretches in accordance with prescribed fee rates under NH Fee Rules. The TOT model has been developed to encourage private participation in the highway sector, the statement said.