Mumbai-Pune Expressway contract to end August next year

According to IRB's website, the project cost involved in this concession agreement was Rs 13.01 bn

Toll-operate-transfer or TOT might be a new term for highways but one of the early examples of this concept, the Mumbai-Pune Expressway, will see its contract ending August next year.

In August 2004, the Maharashtra State Road Development Corporation (MSRDC) and Mhaiskar Infrastructure (MIPL) signed a 15-year concession agreement to develop, operate and maintain the Mumbai-Pune section of NH-4, along with the operation and maintenance of the Expressway project. This was also one of the early public-private partnerships (PPPs) in India’s road sector.

“It (the contract) was a PPP since it involved construction of one stretch. But, the constructed part