NHAI grants TOT bundles 13 & 14 valued at Rs 93.84 billion

NHAI has exceeded its 2023-24 monetisation target by awarding toll-operate-transfer (TOT) bundles 13 and 14 for a total of Rs 93.84 billion. This has raised the total value of TOT bundles awarded in the current fiscal year to Rs 159.68 billion, surpassing the initial target of Rs 100 billion. TOT bundle 13, encompassing key sections in Rajasthan, Madhya Pradesh and Uttar Pradesh, was secured by IRB Infrastructure Trust for Rs 16.83 billion. Meanwhile, Cube Highways and Infrastructure secured TOT bundle 14, covering stretches in Delhi, Uttar Pradesh and Odisha, for Rs 77.01 billion. The concession period for these bundles is 20 years, during which concessionaires will manage, operate and collect user fees in accordance with the NH Fee Rules.