Highways Infrastructure Trust (HIT) has emerged as the highest bidder for road assets offered for monetising the 251.5 km toll-operate-transfer (TOT) Bundle 16 under the National Highways Authority of India (NHAI).

Highways Infrastructure Trust was declared the highest bidder with an offer of 6,661 crore, while Adani Road Transport, IRB Infrastructure, Cube Highways were the other bidders in the fray. The stretches under TOT Bundle 16 includes the four-lane Hyderabad-Nagpur corridor in Telangana.

The NHAI has identified 86 national highway stretches with a total length of about 4,912 km for monetisation.

Until February, the Ministry of Road Transport and Highways had garnered  one lakh crore through asset monetisation. Under the TOT model, the right to operate, maintain and collect tolls over 15 to 30 years is leased to a private entity against a concession fee paid to the government.