NHAI awards 251-km Hyderabad-Nagpur corridor for Rs 6,661 cr under TOT model
NHAI has awarded the 251-km-long stretch of the Hyderabad-Nagpur corridor under the TOT bundle model to Highway Infrastructure Trust for Rs 6,661 crore, an official release said on Friday. The financial bids for TOT Bundle-16 were opened on September 18, 2024, for 251 km long stretch on the Hyderabad-Nagpur corridor of NH-44 in Telangana, the release said.
The project has been «awarded to Highway Infrastructure Trust for Rs 6,661 crores», its said.
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, the statement said concessionaire will collect and retain user fee for the stretch in accordance with prescribed fee rates under NH Fee Rules.
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