Home » Business » NHAI Awards Toll, Operate, Transfer (TOT) Bundles 11 and 12 for Rs. 6,584 Crore

NHAI Awards Toll, Operate, Transfer (TOT) Bundles 11 and 12 for Rs. 6,584 Crore

Newdelhi:29/10/23:NHAI has awarded two Toll, Operate and Transfer (TOT) bundles 11 and 12 of a combined length of 400 km for Rs. 6,584 crore. The two bundles (11 & 12) consist of Allahabad Bypass on NH19 in Uttar Pradesh and Lalitpur – Sagar -Lakhnadon section in the state of Uttar Pradesh and Madhya Pradesh respectively. The first round of bids for the two bundles was called -off and the bids were re-invited.  In the 2nd round, NHAI received bids for Rs. 553 crore higher than the bids received in the first round. The financial bids were opened on Friday, 27th October 2023, and with the approval of the concerned authorities, Letter of Award has been issued to the successful bidder next day of opening of financial bids.

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 that passes through the states of Uttar Pradesh and Madhya Pradesh has been awarded to IRB Infrastructure Trust for an amount of Rs. 4,428 crore.

Commenting on the successful award of the TOT Bundles, NHAI Chairman Shri Santosh Kumar Yadav said “The Government has been very supportive and encouraging to achieve the national monetization targets. I am pleased that we have raised Rs. 6,584 crore from these two bundles, which will greatly contribute towards the development of a world-class National Highway Network in the country.”

The contract period of TOT is 20 years during which Concessionaires would be required to maintain and operate the stretch. In lieu of this, the Concessionaire will collect and retain user fees for these stretches in accordance with prescribed fee rates under NH Fee Rules.

TOT model has been developed to encourage private participation in Highway sector. NHAI from time to time, has awarded contracts for tolling, operation, and maintenance of various National Highway stretches on Toll Operate Transfer (TOT) basis. The TOT Bundle-I consisting of nine projects, totaling 681 km of National Highways in States of Andhra Pradesh and Gujarat was awarded in 2018.  Till now, NHAI has monetized 1614 km of projects for Rs. 26,366/- crore (excluding ToT bundle 11 & 12) through ToT and 636 km of projects for Rs. 10,200/- crore through InVIT.

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Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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