Cube Highways wins in poor response to second NHAI road monetisation drive

Winning bid of Rs 46.12 bn for eight road stretches offered under TOT is much lower than NHAI's benchmark of Rs 53.62 bn

Cube Highways has emerged the winner of the second bundle of the road monetisation scheme, which saw lukewarm response from bidders, as the contracts bagged by these companies were below the estimated price of Rs 53.62 billion, set by the National Highways Authority of India (NHAI).

It is learnt that Cube Highways quoted a price of Rs 46.12 billion. Adani Infrastructure (Rs 36.75 billion) and IRB Infrastructure (Rs 27.18 billion) were the other bidders for the eight road stretches offered under the second round of Toll-Operate-Transfer (TOT) projects.

The second bundle consists of eight stretches of national highways in the