National Highways Authority of India (NHAI) will receive Rs. 2,400 crore as upfront payment from Mumbai-based Sekura Roads and Indore-based Path Highways. These proceeds will be from the bids won by these companies for two Toll-Operate-Transfer (TOT) bundles. The combined length of these TOT stretches is 246 Km.
Sekura Roads won the bid for the sixth bundle offered by NHAI with a Rs 1,107 crore bid. The sixth bundle included 32.8 Km, four-lane Agra bypass and 75.3 Km four-lane Shivpuri-Jhansi stretch on NH7, located in Uttar Pradesh and Madhya Pradesh. Path Highways won the eighth bundle by placing a bid of Rs 1,314 crore. The eighth bundle offered by NHAI consisted of the 138-Km Rewadi Khela to Kelapur stretch on NH-7 in Maharashtra.
The proceeds from these bids shall be used by NHAI to build new highway stretches and tend to debt. The NHAI has plans to monetise 21,700 Km of highways in three years, starting from 2022-23.