The MBEL acquisition enables Cube Highways to operate a contiguous stretch of 166 kms connecting two growing urban centers of Jaipur and Agra on National Highway (‘NH’) 11. The project stretch operates under a 25-year concession, awarded by NHAI after competitive bidding in 2005 for widening of the existing two-lane road to a four-lane divided carriageway on Build-Operate-Transfer (BOT) basis. The project has a well-established operational history of collecting tolls since May 2009.