IRB Infrastructure Trust to acquire TOT bundle 18

IRB Infrastructure Trust has emerged as the preferred bidder for toll-operate-transfer (TOT) Bundle 18 at a bid value of Rs 30.87 billion. The bundle comprises a 74.5 km stretch of the Chandikhole-Bhadrak section of NH-16 in Odisha, covering Km 62+000 to Km 136+500. The concession period for the bundle is 20 years