NHAI will raise ₹9,270-cr via TOT; IRB Infra wins bid

IN THE FIRST highway monetisation deal of the current financial year, the National Highways Authority of India (NHAI) will raise 9,270 crore, with the letter of award being issued to IRB Infrastructure last week for three highway stretches of total length of 333.4 km in Uttar Pradesh.

- MUKESH JAGOTA

The monetisation took place through the toll operate transfer (TOT) mode. It was the 117th round of monetisation which includes three road stretches — Lucknow to Ayodhya, Ayodhya to Gorakhpur and Lucknow to Sultanpur.

Other than TOT Bundle 17, bidding for another five bundle — Bundle 18,19,20,21 and 22 — is open. In the next two to three months, monetisation of some of the bundles is expected to be completed. The total length of highways of these five bundles is more than 845 km.