NHAI signs 13 projects, finds e-tendering profitable

Instead of extending financial support to the concessionaires to build roads by way of viability gap funding (VGF), National Highway Authority of India (NHAI) is now raking in money by way of premium from the concessionaires. The NHAI is coasting along fine now with the concessionaires not only re­fusing financial assistance but also promising to give a huge premium to NHAI for being allowed to build roads. In all, NHAI has signed 13 projects until now, which entails over Rs 1,600 crore of annual premium for the next 25 years.Contact: National Highway Authority of India. Tel: 011-2507 4100.  Fax: 011-2509 3507. Website: www.nhai.org