IRB Infrastructure Trust and Cube Highways emerged as the highest bidders for two bundles of highways being monetised by the National Highways Authority of India (NHAI) using the Toll Operate Transfer (TOT) model, sources said on Thursday.
For the highways grouped under Bundle 13, IRB’s bid of Rs 1,683 crore came in at the top, while for Bundle 14, Cube put in the highest bid of Rs 7,701 crore, allowing NHAI to raise a total of Rs 9384 crore as upfront revenue.
The bids will now have to be evaluated by the board of the NHAI, which will give clearance for the award.
