National Highways Authority of India on Sunday said it has awarded two highway projects with a combined length of 400 km under the toll-operate-transfer (TOT) model for Rs 6,584 crore.
National Highways Authority of India (NHAI), in a statement, said the two bundles (11 and 12) consist of Allahabad Bypass on NH19 in Uttar Pradesh and the Lalitpur–Sagar-Lakhnadon section in the state of Uttar Pradesh and
Madhya Pradesh.
According to the statement, the TOT bundle 11 for the 84 km long Allahabad Bypass on NH19 in Uttar Pradesh has been awarded to Cube Highways and Infrastructure Ltd for Rs 2,156 crore.
TOT bundle 12 for the 316 km long Lalitpur–Sagar-Lakhnadon section passing through Uttar Pradesh and Madhya Pradesh has been awarded to IRB Infrastructure Trust for Rs 4,428 crore, it added.
The first round of bids for the two bundles was called -off and the bids were re-invited, the statement said, adding that in the second round, NHAI received Rs 553 crore higher bids than in the first round.
NHAI Chairman Santosh Kumar Yadav said the government has been very supportive and encouraging to achieve the national monetisation
targets.
The contract period of TOT is for 20 years in which concessionaires would be required to maintain and operate the stretch.
