The National Highways Authority of India (NHAI) will get Rs 4,200 crore as upfront payment from monetisation of two operational highway stretches with a combined length of 200 km under the toll-operate-transfer (TOT) model.
Sources said National Investment and Infrastructure Trust (NIIF) has offered to pay the highest Rs 3,011 crore for a 72-km stretch on NH-19 in Uttar Pradesh for the ninth TOT bundle. Sekura Roads has offered Rs 1,711 crore for the tenth bundle, which consists of a 125-km stretch on NH-36 in Madhya Pradesh. The financial bids for the two TOT bundles were opened on Monday.
NIIF is a collaborative investment platform for international and Indian investors anchored by the government. Sekura Roads is a portfolio company of Edelweiss Infrastructure Yield Plus fund.
