Adani to take over the ORR under a 30-years lease

Adani Road Transport Limited indicated an interest in obtaining the lease of ORR. Adani Road Transport Limited is amongst the 12 companies that have presented a tender for the 30-year maintenance of the Outer Ring Road. 

The state government's agenda is to earn around Rs 8,000 crores from the lease of the ORR. The HMDA has brought out tenders to lease the 158 km long ORR.  

The operation, maintenance, and transfer under this lease will last 30 years. 

HMDA has assigned a consultant for the fulfillment of the lease. The parties that want to acquire the lease will have to pay Rs 15 crores as a tender processing fee. They must deposit Rs 1,500 crore immediately after the tender allotment, with the remaining amount due soon. 

HMDA sources affirm that many reputed organizations partook in the pre-tender meeting. 

There have been tremendous responses to this ORR lease. The last date for the input of applications is February 16.