+
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.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code