NHAI to garner Rs 4,200 crore from two TOT projects
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.
