Egis Road Operation has been appointed by Cube Highways for toll operations of Jhansi Vigakhet Tollway (JVTL) and Jhansi Lalitpur Tollway (JLTL).
The company has been appointed for the project -- Jhansi to Lalitpur in the state of Uttar Pradesh on NH-25 and 26 (total length - over 99 km). The Jhansi-Lalitpur section falls on the North- South Corridor.
It was awarded by the National Highways Authority of India (NHAI) under the National Highway Development Programme Phase-II (NHDP-II) on annuity basis.
The project is a part of Cube Highways bid for the nine toll-operate-transfer (TOT) highway projects that it has won in an auction November 2019.
The entire bid amount of Rs 50.11 billion was paid by Cube Highways to NHAI in return for the right to operate, maintain and collect toll for 30 years.
Cube Highways was supposed to start tolling from 10 April 2020, but postponed the date indefinitely after the COVID-19.
It recently achieved financial closure with help of the government-owned State Bank of India (SBI).