As reported, in tune to India’s enterprising infrastructure goals, the state run public sector units (PSUs) are seeking out means to garner funds, which include tapping the infrastructure investment trust (InvIT).
The National Highways Authority of India (NHAI) is now developing a portion of NH-235 given the expectation that once all phases of the Delhi-Meerut Expressway (DME) is opened to the public there will be a high amount of congestion. The move is set to create an alternative route to the Hapur-Meerut stretch of the corridor.
Owing to the current situation that places NHAI in a hard position, the Prime Minister’s office in a letter to the Ministry of Road, Transport and Highways (MoRTH) has stated that road infrastructure is not financially viable, adding that the agency is packed with unplanned and excessive expansion of roads.
Road developers have shown an interest in bidding for build-operate-transfer (BOT) tenders on the condition that the National Highway Authority of India (NHAI) floats these in accordance to high traffic expectation and viability.
With a floor price of 49.95 billion, the recent proposal consists of nine highway stretches that run through the states of Uttar Pradesh, Bihar, Jharkhand and Tamil Nadu covering a total distance of approximately 566 km.