Chandikhole–Bhadrak NH-16 Tolling Project under TOT-18
Sector: Road • Location: Odisha, India
Source: ET Infra
IRB Chandibhadra Tollway Pvt. Ltd., a project SPV of IRB Infrastructure Trust, commenced toll collection on the Chandikhole–Bhadrak section of NH-16 in Odisha under the TOT-18 project. The project involves tolling, operation, maintenance, and transfer rights for 20 years on a 74.5 km highway stretch, part of the Golden Quadrilateral corridor. The SPV paid an upfront concession fee of ₹3,087 crore
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Status
Original status | under operation |
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Description
Description | IRB Chandibhadra Tollway Pvt. Ltd., a project SPV of IRB Infrastructure Trust, commenced toll collection on the Chandikhole–Bhadrak section of NH-16 in Odisha under the TOT-18 project. The project involves tolling, operation, maintenance, and transfer rights for 20 years on a 74.5 km highway stretch, part of the Golden Quadrilateral corridor. The SPV paid an upfront concession fee of ₹3,087 crore to NHAI and signed the concession agreement on February 4, 2026. |
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Original Currency | USD |
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