NHAI announced on September 20, 2024, that TOT Bundle 16 had been awarded to the Highway Infrastructure Trust for INR 6,661 crore (Indian Rupees six thousand six hundred and sixty one crore). TOT Bundle 16 comprises of a 251 (two hundred and fifty-one) km long stretch on the Hyderabad-Nagpur corridor of NH-44 in the state of Telangana. Under the TOT model, the concession period will be for 20 (twenty) years with concessionaire being obligated to maintain and operate the relevant highway stretch. The concessionaire will have the right to collect and retain user fee for the stretch in accordance with the prescribed fee rates.
The TOT model forms a part of the Government of India's National Monetisation Pipeline program which seeks to monetise government assets. With the award of Bundle 16 of TOT, NHAI has completed asset monetisation worth INR 1 lakh crore (Indian Rupees one lakh crore).
Source: PIB
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
