KKR, Cube, IRB in race for highway assets
The National Highways Authority of India (NHAI) has received two bids each for two bundles of highways it plans to monetise through toll operate transfer (ToT) model in the coming weeks.
The bidders for highways grouped under ToT Bundle 11 have received bids from Cube Highways and Oriental Structural Engineers. For stretches in the ToT Bundle 12 bids have come from global investment firm KKR’s Highways Infrastructure Trust and IRB Infrastructure.
TOT bundle 11 includes Allahabad bypass of the total length of 87 km and Bundle 12 houses a highway stretch of 316.8 km from Lalitpur in Uttar Pradesh to Lakhnadon in Madhya Pradesh.
