KKR, Cube, and IRB compete for Indian highway assets in TOT model

The National Highways Authority of India (NHAI) has received dual bids for two sets of highways slated for monetisation under the TOT model. TOT Bundle 11 has received bids from Cube Highways and Oriental Structural Engineers, while TOT Bundle 12 has seen participation from global investment firm KKR’s Highways Infrastructure Trust and IRB Infrastructure. Simultaneously, the NHAI is progressing with the monetisation process for TOT Bundles 13 and 14, with the bid deadline set for October 31, 2023. Additionally, TOT Bundles 15 and 16 are slated for invitation by the end December 2023.