Adani, Cube, IRB Infra, Canada’s CPPIB in race for 9 NHAI roads
MUMBAI : Adani Enterprises, Cube Highways and Infrastructure, Canada Pension Plan Investment Board (CPPIB) and IRB Infrastructure are expected to place binding bids for a set of roads coming up for auction under the toll-operate-transfer (TOT) model, two people aware of the matter said.
The National Highways Authority of India (NHAI) has put up nine stretches of roads totaling 566.27 km across Uttar Pradesh, Jharkhand, Bihar and Tamil Nadu for TOT auctions, with a 30 September deadline for submitting bids.
“More than 20 potential bidders had shown interest initially through expressions of interest (EoI) but only the above four have remained engaged with NHAI since then,” said the first of the two people, who are aware of the ongoing discussions between NHAI and potential bidders.
