The National Highways Authority of India (NHAI) has awarded TOT Bundle 3 (length – 566 km), consisting of nine toll plazas in the states of Uttar Pradesh, Jharkhand, Bihar and Tamil Nadu under its ambitious Toll-Operate-Transfer (TOT) model to Cube Mobility Investment (Cube Highways).
NHAI has received an upfront consideration of Rs 5,011 crore from Cube. The concession period is 30 years and the concessionaire will operate, maintain and collect the toll during the concession period.
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 crore in 2018.
