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NHAI Seeks Bids for 3rd Round of ToT Highways

Infra News - Published on Thu, 12 Sep 2019

Image Source: Project_Monitor
The Hindu Business Line reported that the National Highways Authority of India has sought bids for a new bundle of highway projects on the Toll-Operate-Transfer model as India’s highway development agency press ahead with an aggressive asset monetization plan to fund road projects. The third bundle of ToT involves 566 kilometer of highways spread across Uttar Pradesh, Tamil Nadu and Bihar for which NHAI has set a reserve price of INR 4,994 crore. Potential investors have time until September 30 to offer price quotations. The reserve pice for the third bundle is lower then the first round where the projects offered had a higher toll revenue. NHAI is looking to raise INR 84,800 crore by offering 6,165 kilometer of highways under ToT by 2024, each involving a ticket price of about USD 1 billion with a 30-year concession period.

Mr Ashish Sharma, Member Finance, NHAI said that “We are planning two bundles this year; every year we will roll out the bundles in a staggered manner to reach 6,165 km of highways under ToT. The total money which we are expecting from this exercise is INR 84,800 crore which is part of the overall financing plans for Bharatmala.”

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Posted By : Ratan Singh on Thu, 12 Sep 2019
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