Cube, IRB top bidders for NHAI TOT 13 & 14 auction
Cube Highways and IRB Infrastructure are turned to be the highest bidders for 300-km road assets under The National Highways Authority of India (NHAI) auction of the 13 & 14 bundles of Toll Operate Transfer (TOT).Tolling, Operation, Maintenance and Transfer (TOT) Model, said people aware of the development.
Cube Highways offered the highest bid of Rs7701 crore for the TOT 14 bundle while IRB offered Rs1683 crore TOT 13 bundle. National Investment and Infrastructure Fund (NIIF) offered Rs7150 crore for ToT 14, while Oriental Structural Engineers (OSE) offered Rs1565 crore for the TOT 13 as second highest bidders, said sources.
Mails sent to Cube and IRB did not elicit any responses.
There was an aggressive participation in TOT 13 & 14 auctions, which saw 11 bids from Adani Roads, NIIF, Highway Concession Trust (KKR), Cube, IRB, Prakash Asphaltings and Toll Highways (PATH) and OSE.
Roads under TOT 13& 14 include 28-km long Kota Bypass (NH76) and 81-km long Gwalior-Jhansi (NH75) under TOT 13; and 60-km long Delhi-Meerut Expressway (NH-334 DME), 51-km long Delhi-Hapur section (NH-24 & part of DME) and 79-km long Binjabahal-Teleibani road (NH6) under TOT 14.
Kota Bypass has an annual collection of Rs48 crore while Gwalior-Jhansi stretch earns Rs96 crore annually. Delhi-Meerut Expressway, Delhi-Hapur section and Binjabahal-Teleibani road have collections of Rs137 crore, Rs258 crore and Rs79 crore respectively.
Earlier in October, Cube Highways had won TOT bundle 11 for the 84 km long Allahabad Bypass on NH19 in Uttar Pradesh, with an offer of Rs 2156 crore, while TOT bundle 12 for the 316 km long Lalitpur-Sagar -Lakhnadon section, traversing Uttar Pradesh and Madhya Pradesh, was awarded to IRB Infrastructure Trust for Rs
