NHAI awards TOT Bundle to Highway Trust for Rs 66 Bn
ROADS & HIGHWAYS

NHAI awards TOT Bundle to Highway Trust for Rs 66 Bn

The National Highways Authority of India (NHAI) announced that it had awarded Toll, Operate and Transfer (TOT) Bundle 16 to Highway Infrastructure Trust for Rs 66.61 billion. The TOT Bundle 16 consists of a 251 km stretch along the Hyderabad-Nagpur corridor on NH-44 in Telangana, according to the Ministry of Road Transport and Highways.

The concession period for the bundle is 20 years, during which the concessionaire is responsible for maintaining and operating the stretch. In return, the concessionaire will collect and retain user fees, in accordance with the National Highway Fee Rules.

The ministry explained that the TOT model was developed to encourage private sector involvement in the highway sector. During FY 2023-24, NHAI awarded four TOT bundles worth Rs 159.68 billion, surpassing the previous financial year’s monetisation target of Rs 100 billion.

NHAI Chairman Santosh Kumar Yadav remarked that the TOT model had been key in unlocking the value of the road network, significantly contributing to the development of national highways in India.

As part of the National Monetization Plan, NHAI’s total asset monetisation efforts have exceeded Rs 1 lakh crore, including Rs 489.95 billion from TOT, Rs 259 billion through Infrastructure Investment Trusts (InvIT), and Rs 420 billion through securitisation.

In December of the previous year, NHAI awarded TOT Bundle 13 to IRB Infrastructure Trust for Rs 1.683 billion and TOT Bundle 14 to Cube Highways for Rs 77 billion. The government's National Monetisation Pipeline aims to monetise assets worth Rs 6 trillion, with Rs 1.60 trillion expected to come from road asset monetisation between 2021-22 and 2024-25.

The National Highways Authority of India (NHAI) announced that it had awarded Toll, Operate and Transfer (TOT) Bundle 16 to Highway Infrastructure Trust for Rs 66.61 billion. The TOT Bundle 16 consists of a 251 km stretch along the Hyderabad-Nagpur corridor on NH-44 in Telangana, according to the Ministry of Road Transport and Highways. The concession period for the bundle is 20 years, during which the concessionaire is responsible for maintaining and operating the stretch. In return, the concessionaire will collect and retain user fees, in accordance with the National Highway Fee Rules. The ministry explained that the TOT model was developed to encourage private sector involvement in the highway sector. During FY 2023-24, NHAI awarded four TOT bundles worth Rs 159.68 billion, surpassing the previous financial year’s monetisation target of Rs 100 billion. NHAI Chairman Santosh Kumar Yadav remarked that the TOT model had been key in unlocking the value of the road network, significantly contributing to the development of national highways in India. As part of the National Monetization Plan, NHAI’s total asset monetisation efforts have exceeded Rs 1 lakh crore, including Rs 489.95 billion from TOT, Rs 259 billion through Infrastructure Investment Trusts (InvIT), and Rs 420 billion through securitisation. In December of the previous year, NHAI awarded TOT Bundle 13 to IRB Infrastructure Trust for Rs 1.683 billion and TOT Bundle 14 to Cube Highways for Rs 77 billion. The government's National Monetisation Pipeline aims to monetise assets worth Rs 6 trillion, with Rs 1.60 trillion expected to come from road asset monetisation between 2021-22 and 2024-25.

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?