As reported, nine road stretches of around 566 km running through Uttar Pradesh, Jharkhand, Bihar and Tamil Nadu that were put up for auctioning under the toll-operate-transfer (TOT) model by the National Highways Authority of India (NHAI), are expected to receive bids from Adani Enterprises, Cube Highways and Infrastructure, Canada Pension Plan Investment Board (CPPIB) and IRB Infrastructure.
The National Highways Authority of India (NHAI), in a bid to revive public-private partnership (PPP) for its projects, will offer about 950 km of road stretches that are estimated to be worth Rs 300 billion on its Build-Operate-Transfer (BOT) model.
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.
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.