NHAI achieves financial closure for first bundle of TOT projects

NHAI has achieved financial closure for the first bundle of TOT projects. An upfront payment of Rs 96.81 billion was made by the Macquarie Group to the Ministry of Road Transport and Highways (MoRTH) based on the concession agreement signed on April 26, 2018. As per the agreement, the right to collect toll on the nine selected national highway stretches spanning 680.64 km has been assigned to the Macquarie Group for a period of 30 years against an upfront payment to the government.