ORR to IRB infra on ToT

Government of Telangana has awarded Nehru Outer Ring Road (ORR), Hyderabad on Toll, Operate and Transfer (TOT) for 30 years to IRB Infrastructure Developers Ltd. for INR 7,380 cr (USD 0.9 billion). IRB Infrastructure Developers Ltd. is India’s leading infrastructure developer in highways sector. This transaction marks one of the largest asset
monetization deals in India’s road sector, executed by either the central or state government. Considering the revenue multiplier of the transaction value, it is one of the
best bids finalised for the road infrastructure projects in the country.

Sh. K. Chandrashekar Rao Hon’ble Chief Minister of Telangana has expressed his happiness over the bid and has said– “This transaction will give a further boost to investment opportunities in the region and open doors for many other infrastructure and state development projects. These projects will create job opportunities and attract investments, leading to the overall development of the region. The successful bid confirms the confidence of the investors in the robust growth of Hyderabad and future prospects and are affirming the pro-investor growth policies of the state government.

Sh. K. T. Rama Rao Hon’ble Minister for MA & UD, Industries and ITE & C stated – “The Telangana Government is committed to promoting private sector participation in the development of public infrastructure. The transaction showcases the potential for lucrative investment opportunities in the state, which is rapidly growing and evolving. With its favourable policies and supportive environment, Telangana is one of the most favourable states for investment and is highly business-friendly. The state holds immense potential for investors and entrepreneurs alike. It is a prime destination for those seeking to establish or expand their business ventures.” The Letter of Award (LOA) has been issued to the highest bidder, i.e., IRB Infrastructure Developers Ltd. today.