Singapore– based toll roads platform Cube Highways, which had emerged as the highest bidder for the third bundle of the toll-operate-transfer (TOT) projects offered by the National Highways Authority of India (NHAI) by quoting ₹ 5,011-crore fee, is in the reckoning for the fourth TOT bundle that will be on offer shortly.
Other contenders in the fray include IRB Infrastructure, PNC Infratech, MEP Infrastructure and Edelweiss Group
The National Highways Authority of India (NHAI) had invited bids for the fourth round of toll-operate-transfer (TOT) auctions to raise Rs 2,140 crore, with a total of seven road stretches having a cumulative length of 341.46 km. The road stretches in TOT-4 are spread across Jammu & Kashmir, Punjab, Haryana, Rajasthan and Madhya Pradesh.
NHAI had initially planned TOT-4 as a ₹4,150 crore covering over 400 km but subsequently downsized the package, reducing the initial estimated concession value (IECV)—the base price of the bid—to Rs 2,165 crore. The concession period of the bundle has was also reduced to 20 years.
NHAI had invited bids for the third bundle of toll-operate-transfer (TOT) auctions on June 13 last year for nine highway stretches totalling 566.27 km in Uttar Pradesh, Bihar, Jharkhand, and Tamil Nadu.