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NHAI Invites Bids For Third Round Of TOT Auctions Of Road Projects

Infra News - Published on Fri, 14 Jun 2019

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The national highways building authority has invited bids for the third round of Toll-Operate-Transfer auctions, looking to raise around INR 5,000 crores. Bids were invited for a cumulative 566 kms of highway stretches in Bihar, Jharkhand, Tamil Nadu and Uttar Pradesh with the floor price set at INR 4,995 crores.

Under the TOT mode of the asset monetization plan, investors make a one-time lump sum payment in return for long-term toll collection rights. The current TOT offers a 30-year lease.

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Posted By : Rabi Wangkhem on Fri, 14 Jun 2019
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