New operator appointed for Neelamangala - Devihalli expressway PPP

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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.

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