Eight bidders chase NHAI's 90.6 km NH-27 toll-operate-transfer bundle
The Purnea–Dalkhola–Raiganj stretch is NHAI's TOT Bundle 22; the winner gets 20 years of toll rights for an upfront payment.
Eight infrastructure funds and companies have bid for the 90.6 km Purnea–Dalkhola–Raiganj section of NH-27 in Bihar and West Bengal, offered by NHAI as Toll-Operate-Transfer (TOT) Bundle 22, Indian Infrastructure reported on 10 November 2026.
Key facts
- Named bidders include IRB Infrastructure, Vertis Infrastructure, Adani Enterprises and Interise Trust.
- Under TOT, the winner pays NHAI an upfront amount and gets toll collection and maintenance rights for 20 years.
- Bundle 20 (145.6 km, Muzaffarpur–Darbhanga–Asanpur) and Bundle 21 (139.3 km, Asanpur–Forbesganj–Purnea) have also received bids.
- Three more bundles totalling 461.5 km in Jharkhand, Rajasthan and Haryana have been put out for bids.
- In July 2026 NHAI completed Bundle 19, 184.5 km in Tamil Nadu, for ₹22.59 billion.
How TOT works
NHAI builds a highway with public money, runs it for a while so traffic and toll income are known, then hands it to a private operator for an upfront payment. The operator takes the traffic risk and must maintain the road to set standards. The money goes back into building new highways. This is called asset monetisation.
Sources
- Indian Infrastructure, "Eight funds compete for 90.6 km NHAI highway monetisation bundle", 10 Nov 2026: https://indianinfrastructure.com/news/roads-and-bridges/eight-funds-compete-for-906-km-nhai-highway-monetisation-bundle-12797605