NHAI monetises two completed national highway stretches for INR 6,584 cr, ET Auto
The National Highways Authority of India (NHAI) has successfully auctioned two completed highway stretches for a total of INR 6,584 cr under its monetisation programme. The first project, the 84-km Allahabad Bypass in Uttar Pradesh, was awarded to Cube Highways for INR 2,156 cr, while the Lalitpur–Sagar-Lakhnadon (316 km) project in Uttar Pradesh and Madhya Pradesh was awarded to IRB Infra Trust for INR 4,428 cr. The private players will be responsible for maintaining and operating the highways for a period of 20 years, during which they will collect user fees.
Source: indiatimes.com
