IRB Infrastructure Developers Ltd has won the 158-kilometer Hyderabad Outer Ring Road Toll-Operate-Transfer (TOT) project for INR 7,380 crore.
The Hyderabad Outer Ring Road (ORR) is an 8-lane expressway that encircles Hyderabad Capital City and a large part of it covers urban nodes like Hi-Tech City, Nanakramguda Financial District, International Airport, IKP Knowledge Park, Hardware Park, Telangana State Police Academy, Singapore Financial District and Game Village.
According to IRB’s statement on April 27th, the project has a revenue-linked concession period of 30 years. Under this type of contract, a private concessionaire takes over an existing road asset for a fixed amount and gains tolling rights on the stretch for a specific period.
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