New Delhi: The National Highway Authority of India has awarded construction of 9 toll plazas in Uttar Pradesh, Jharkhand, Bihar and Tamil Nadu (566 Km in length) under Toll-Operate-Transfer mode to Cube Mobility Investment Pte. Ltd. (Cube Highways) and has received upfront consideration of Rs. 5,011 crore today.
The concession period is 30 years and the concessionaire shall operate, maintain and collect the toll during the concession period, the Ministry of Road Transport and Highways stated.
This is the second award under TOT mode and the first award of length of 681 km consisting 10 toll plazas was awarded to MAIF for an upfront consideration of Rs. 9,681.5 crores in 2018.
“The NHAI is in the process of award of more stretches under TOT mode for monetization of its completed public funded projects,” it informed.
– globalbihari bureau
