Acquisitions12 Dec 2025, 07:32 pm
IRB Infrastructure Trust Executes Concession Agreements for TOT-17 Project with NHAI
AI Summary
IRB Infrastructure Trust, an associate of IRB Infrastructure Developers Ltd, has executed Concession Agreements with the National Highways Authority of India (NHAI) for the Tolling, Operation, Maintenance and Transfer of the TOT-17 Project. The project involves three sections of highways in Uttar Pradesh, India, with a total length of 366.096 KMs. The Trust will pay an upfront Bid Concession Fee of Rs. 9,270 Crores to NHAI. The annual tariff revision will be 3% p.a. plus 40 % of Wholesale Price Index (WPI). IRB Infrastructure Developers Ltd will be the Project Manager for the Project.
Key Highlights
- Execution of Concession Agreements by IRB Harihara Corridors Private Limited with NHAI for TOT-17 Project
- Project involves Tolling, Operation, Maintenance and Transfer of three sections of highways in Uttar Pradesh, India, with a total length of 366.096 KMs
- Trust to pay an upfront Bid Concession Fee of Rs. 9,270 Crores to NHAI
- Annual tariff revision will be 3% p.a. plus 40 % of Wholesale Price Index (WPI)
- IRB Infrastructure Developers Ltd will be the Project Manager for the Project