The National Highways Authority of India (NHAI) has given a Letter of Award to the IRB Infrastructure Trust for Rs 4,428 Crs Lalitpur Lakhnadon NH44 TOT 12 Project. The company said that the award of this project will increase IRB’s order book by Rs. 3,900 Crores, which includes Rs. 600 Crores allocated for EPC and the remaining Rs. 3,300 Crores designated for O&M activities.
The TOT-12 project includes tolling and operation and maintenance (O&M) activities on a 316 km long stretch on the north-south corridor of NH44. It may be noted that the trust has recently emerged as the preferred choice for the Toll-Operate-Transfer (TOT) model.
