IRB Infrastructure Developers Secures ₹3,087 Crore NHAI TOT Bundle-18 Highway Project in Odisha
₹3,087 Crore TOT Bundle-18 Secured
IRB Infrastructure Developers (1) Ltd has emerged as the Selected Bidder and has received the Letter of Award (LOA) from the National Highways Authority of India (NHAI) for TOT Bundle-18, further strengthening its leadership in highway asset monetisation.
Project Overview – TOT Bundle-18
• Project: Chandikhole – Bhadrak Section of NH-16, Odisha
• Project Length: Approx. 74.50 km
• Bid Value: ₹3,087 Crores
• Concession Period: 20 Years
• Tariff Revision: Fixed 3% per annum + 40% of WPI
• Scope of Work: Tolling, Operation, Maintenance & Transfer
• Project Manager: IRB Infrastructure Developers (1) Ltd
• Authority: National Highways Authority of India (NHAI)
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