The National Highways Authority of India (NHAI) has entered into an agreement with Cube Highways and Infrastructure I-D Pte Ltd (Cube Highways) to operate an 80-kilometer, four-lane toll road connecting Neelamangala and Devihalli in Karnataka. As part of the transaction, Cube Highways substituted the former concessionaire, Lanco Devihalli Highways (LDHL), by incorporating a new SPV, Nelamangala Devihalli Expressway (NDEPL).
The project has been operational since June 2012 and was awarded as a 25-year concession after competitive bidding in 2008 for strengthening and widening a two-lane highway to a four-lane configuration. The project provides connectivity to several pilgrim centers in Karnataka and important tourist destinations like Coorg and Udupi.
Country updates
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January 18, 2021
India awards road PPP connecting Azhiyur to Vengalam
National Highway Authority of India (NHAI) has issued a letter of award (LOA) to Adani Group to develop a 40.80-km long six-lane highway connecting Azhiyur to Vengalam in Kerala. The project is b...
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December 28, 2020
Nine bidders shortlisted for railway line privatization PPP in India
Ministry of Railways (MOR) had invited Request for Qualifications (RFQ) for private participation in the operation of passenger train services over 12 Clusters comprising of more than 150 Origin Desti...
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December 21, 2020
NIIF Master Fund reaches financial close
National Investment and Infrastructure Fund Limited (NIIFL) has announced the final close for its NIIF Master Fund with US$2.34 billion, exceeding its target of US$2.1 billion. The Public Sector Pens...
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November 24, 2020
Adani Group starts takeover of Ahmedabad airport in Gujarat
Adani Group has started taking over the operation of the Sardar Vallabhbhai Patel International Airport located in Ahmedabad, state of Gujarat in western India. The Airports Autho...
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October 23, 2020
Cube Highways acquires TOT Bundle 3 Project in India
The NHAI has awarded TOT 3 bundle (566 Km in length) consisting of 9 toll plazas in the state of UP, Jharkhand, Bihar and Tamil Nadu under its ambitious Toll-Operate-Transfer (ToT) model to Cube Mobil...
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