KCC Buildcon to sell 5 HAM highway projects to Cube Highways
ROADS & HIGHWAYS

KCC Buildcon to sell 5 HAM highway projects to Cube Highways

Cube Highways and Infrastructure has signed a deal to acquire five hybrid annuity model (HAM) highway projects from Gurugram-based KCC Buildcon. The deal would take about six months to complete pending approvals from the National Highways Authority of India (NHAI), lenders and other regulatory agencies.

Prior to the acquisition of KCC Buildcon highway projects, Cube Highways had a portfolio of 28 highways with nearly 8,900 lane km across India.

KCC Buildcon has six road projects under the hybrid annuity model (HAM), of which only one highway section on NH 66 between Talgaon and Kalmath in Maharashtra is operational. The five HAM highway projects being constructed by KCC Buildcon are estimated to have a contract value of around $575 million.

The HAM of highway construction involves the government pitching in with 40 per cent of the cost while the developer contributes the balance through equity and debt.

See also:
Breakthrough in the Delhi-Dehradun expressway project
Surat-Chennai economic corridor runs into green hurdle


Cube Highways and Infrastructure has signed a deal to acquire five hybrid annuity model (HAM) highway projects from Gurugram-based KCC Buildcon. The deal would take about six months to complete pending approvals from the National Highways Authority of India (NHAI), lenders and other regulatory agencies. Prior to the acquisition of KCC Buildcon highway projects, Cube Highways had a portfolio of 28 highways with nearly 8,900 lane km across India. KCC Buildcon has six road projects under the hybrid annuity model (HAM), of which only one highway section on NH 66 between Talgaon and Kalmath in Maharashtra is operational. The five HAM highway projects being constructed by KCC Buildcon are estimated to have a contract value of around $575 million. The HAM of highway construction involves the government pitching in with 40 per cent of the cost while the developer contributes the balance through equity and debt. See also: Breakthrough in the Delhi-Dehradun expressway projectSurat-Chennai economic corridor runs into green hurdle

Next Story
Infrastructure Transport

Three Firms Shortlisted for Rs 332 Million Delhi Metro Contract

Three firms have qualified for the electrification contract D2E-12 of Delhi Metro Phase 4’s Line 10 and Line 5 extension. Line 10 spans 23.622 km, connecting Aerocity and Tughlakabad with 15 stations, while the Line 5 extension covers 12.58 km between Inderlok and Indraprastha with 10 stations.In June 2025, the Delhi Metro Rail Corporation (DMRC) invited bids for this contract. The technical bids were opened on 4 August 2025, with four firms submitting proposals. During the evaluation, one firm’s bid was rejected.The three qualified firms are:M/s A.K. Infra ProjectsM/s Kalpataru Projects I..

Next Story
Infrastructure Transport

L&T Seeks to Sell Hyderabad Metro Stake Amid Financial Losses

Infrastructure major Larsen & Toubro Limited (L&T) has expressed its intention to sell its stake, exceeding 90 per cent, in the L&T Hyderabad Metro Rail project to either the state or central government through a new Special Purpose Vehicle (SPV), citing operational and accumulated losses.In a letter addressed to the Ministry of Housing and Urban Affairs (MoHUA), L&T Metro Rail stated that despite repeated follow-ups, the Telangana government has not provided the expected financial assistance. The delay is worsening the financial distress of the concessionaire, making the situa..

Next Story
Infrastructure Transport

Ixigo Launches Delhi Metro Ticketing on Its Trains App

Online travel aggregator (OTA) ixigo has partnered with the Delhi Metro Rail Corporation (DMRC) and the Open Network for Digital Commerce (ONDC) to launch Delhi Metro ticketing on the ixigo Trains app on 12 September.As part of the collaboration, ixigo Trains now offers QR-based metro tickets with in-app payments. Users can plan and book end-to-end journeys across trains, buses, flights, hotels and now metro services on a single platform.The DMRC operates nearly 400 km of network across more than a dozen lines, making it India’s largest and busiest metro system. In August 2025, it recorded i..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?