Ministry of Road Transport & Highways
NHAI Awards Toll, Operate, Transfer (TOT) Bundle 16 for Rs. 6,661 Crores
TOT Plays a Key Role in Enhancing Road Network Value, Raises ₹6,661 Crores from TOT Bundle 16 with 100% Success in FY24: NHAI Chairman, Sh. Santosh Kumar Yadav
The award is for 251 km long stretch on the Hyderabad-Nagpur corridor of NH-44 in the state of Telangana
Posted On: 20 SEP 2024 8:08PM by PIB Delhi
NHAI has awarded Toll, Operate and Transfer (TOT) bundle 16 for Rs. 6,661 Crores. The financial bids for TOT Bundle-16 were opened on 18 September 2024, for a 251 km long stretch on the Hyderabad-Nagpur corridor of NH-44 in the state of Telangana and it has been awarded to M/s Highway Infrastructure Trust for Rs. 6,661 crores.
The concession period of TOT bundle is for 20 years in which Concessionaire will be required to maintain and operate the stretch. In lieu of this, Concessionaire will collect and retain user fee for the stretch in accordance with prescribed fee rates under NH Fee Rules.
The TOT model has been developed to encourage private participation in the Highway sector. NHAI from time to time has awarded contracts for tolling, operation and maintenance of various National Highway stretches on Toll, Operate Transfer basis. In FY 2023-24, NHAI awarded Four TOT bundles worth Rs. 15,968 crores against the monetization target of Rs.10,000 crores for that fiscal.
Commenting on the successful award of the TOT Bundle-16, NHAI Chairman Shri Santosh Kumar Yadav said “TOT has been instrumental in unlocking the value of road network and has immensely contributed towards the development of the National Highway Network in the country. I am pleased that we have raised Rs. 6,661 crores from TOT bundle 16. The success rate of TOT mode in FY24 was 100% and we have seen very encouraging response from the bidders. The Government of India has been very supportive to achieve the National Monetization targets, and we are committed to work towards realizing this vision.”
In line with the National Monetization Plan, NHAI’s Total Asset Monetization Program has crossed Rs.1 Lakh Crore which includes Rs. 48,995 Crore through TOT, Rs. 25,900 Crore through InvIT and Rs. 42,000 Crore through Securitization.
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