Adani is the front-runner to acquire ORR on a 30-year lease.

Adani is the front-runner to acquire ORR on a 30-year lease.

Adani is the front-runner to acquire ORR on a 30-year lease.

HMDA has hired a consultant to help with the lease’s execution.

Adani Road Transport Limited, a subsidiary of Adani Enterprises, has expressed interest in and is apparently moving through with plans to lease Hyderabad’s Outer Ring Road. One of the 12 companies that submitted a tender for the Outer Ring Road’s 30-year maintenance is Adani Road Transport Limited.

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The Outer Ring Road lease is expected to bring in about Rs 8,000 crore for the state government. The 158 km long Outer Ring Road is being leased, and the Hyderabad Metropolitan Development Authority (HMDA) has issued a request for proposals. This lease will be based on a 30-year lease for operation, upkeep, and transfer.

A consultant has been hired by HMDA to finish the lease. The organisations interested in leasing the space must deposit Rs. 1,500 crore and pay Rs. 15 crores as a tender processing fee. The remaining sum must be paid within 120 days of the contract being awarded.

In addition to Adani Road Transport Ltd., IRB Infrastructure Development Ltd., Cube Highways and Transportation, and L&T have reportedly expressed interest in competing for the contract, according to HMDA sources. HMDA’s pre-tender meeting attracted a sizable number of reputable firms.

The 30-year lease of the Outer Ring Road has received an unusual response, according to Special Chief Secretary for Municipal Administration Arvind Kumar, and the deadline for applications has been set for February 16.

Eagle Infra Company pays HMDA 415 crores as an annual toll levy. If the Outer Ring Road is leased for 30 years, HMDA will receive the required payment from the business and management responsibility will no longer fall on HMDA. It should be mentioned that the government has been preparing to lease out the Outer Ring Road for the past two years.

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