After struggling with substandard bids, the National Highways Authority of India (NHAI) on Sunday said it awarded two highway monetisation projects worth Rs 6,584 in the toll, operate, and transfer (TOT) mode.
The two bundles (11 & 12) are Allahabad Bypass on NH19 in Uttar Pradesh and Lalitpur–Sagar-Lakhnadon section that passes through Uttar Pradesh and Madhya Pradesh.
The TOT bundle 11 for the 84-km-long Allahabad Bypass has been awarded to Cube Highways and Infrastructure for Rs 2,156 crore. The second bundle for the 316-km-long section has been awarded to IRB Infrastructure Trust for Rs 4,428 crore, the NHAI said.
