NIIF receives LoA for bundle 9 of TOT project in Uttar Pradesh

The National Investment and Infrastructure Fund (NIIF) received a letter of award worth Rs 31,440 million for the implementation of Bundle 9 of a toll-operate-transfer project in Uttar Pradesh on January 24, 2023. The project involves the collection of toll on selected stretches as­signed to the concessionaire for 20 years, against an upfront payment of a lump sum amount or concession fee to the Uttar Pradesh government.