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.
Gurugram-based construction firm APCO Infratech has reportedly bagged the contract for construction of the 6.5-km-long Z-morh tunnel in Jammu and Kashmir. The project is expected to provide all-weather connectivity between Srinagar and Kargil
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.
According to rating firm ICRA outlook for the road sector, while the engineering, procurement and construction (EPC) project executions may witness a temporary slowdown during the general elections; the build-operate-transfer (BOT) and hybrid annuity model (HAM) projects executions are expected to continue unabated.