Hyderabad: The Hyderabad Metropolitan Development Authority (HMDA) has roped in LEA Associates South Asia as advisor-cum-technical consultant to lease out the 158-km Nehru Outer Ring Road (ORR) on a Toll-Operate-Transfer (TOT) basis. Besides technical feasibilities, the Canada-based consultant will also look into the financial viability of the project and will submit a report on maintenance and rehabilitation of assets along ORR.
According to HMDA official, four companies participated in the tender process to lease out Nehru Outer Ring Road to private parties for 20-35 years. Through the TOT model, the authority is planning to rake in Rs 2,500 crore to Rs 3,000 crore as revenues.
The proceeds from the project will be utilised by the state government.
The Canada-based consultant will take into account highway design, pavement design, rehabilitation of existing structures and cost estimates, HMDA officials said.
It will also study value engineering, quality audit and safety audit in design and implementation.
He said as of now the HMDA is offering the operation and maintenance contract on a yearly basis.
