NHAI receives ₹5,011 cr from Cube Highways towards TOT third bundle

NEW DELHI: The National Highways Authority of India (NHAI) has received upfront consideration of ₹5,011 crore on Monday from Cube Highways, under the third bundle of the toll-operate-transfer (TOT) model.

The award ceremony was conducted via video conferencing and was chaired by road transport and highways minister Nitin Gadkari, minister of state General VK Singh and NHAI chairman Sukhbir Singh Sandhu.

Last year, the highway authority had put up nine stretches of roads, totalling 566 km across, and comprising nine toll plaza across Uttar Pradesh, Jharkhand, Bihar and Tamil Nadu, in the third round of TOT.