Second tranche of TOT highways gets new bidders. Know the bidders!
ROADS & HIGHWAYS

Second tranche of TOT highways gets new bidders. Know the bidders!

Global Infrastructure Partners (GIP), Brookfield Asset Management and Cube Highways are among those likely to bid for the second bundle of highways which are categorised under the toll, operate, transfer (ToT) model. As reported, the companies which have attended the pre-bid meetings conducted by the NHAI are Adani Transport, Tata Realty and Infrastructure, IRB Infrastructure Developers and PSP Investments-owned ROADIS. GIP will reportedly bid through its auxiliary arm, Highway Concessions One.

A due diligence is being carried out and the companies are assessing the feasibility of the road assets that are a part of this TOT package. In August, a tranche of eight operational road assets with a length of 586.5 km was up for bids, covering states such as Gujarat, Bihar, West Bengal and Rajasthan. NHAI has finalised the floor price for this bundle of projects at Rs 53.62 billion in lieu of a concession or toll collection period of 30 years.

The deadline for submitting the bids was November 5. But this has now reportedly been stretched by a month, to December 5, taking into account some of the companies’ requests which are assessing the assets. As per the TOT model, the NHAI gets an upfront amount from the winning bidder for the 30-year concession period, along with the responsibility to maintain and operate the roads.

In February this year, the first TOT bundle of road projects was bid out to Macquarie Group in partnership with Ashoka Buildcon for Rs 96.81 billion, which is one and a half times higher than the floor price of Rs 62.58 billion.

Under the TOT model, MoRTH has identified 105 operational highways for auction. Union Minister Nitin Gadkari reportedly believes that monetising these projects can earn the government up to Rs 1.25 trillion.

Global Infrastructure Partners (GIP), Brookfield Asset Management and Cube Highways are among those likely to bid for the second bundle of highways which are categorised under the toll, operate, transfer (ToT) model. As reported, the companies which have attended the pre-bid meetings conducted by the NHAI are Adani Transport, Tata Realty and Infrastructure, IRB Infrastructure Developers and PSP Investments-owned ROADIS. GIP will reportedly bid through its auxiliary arm, Highway Concessions One. A due diligence is being carried out and the companies are assessing the feasibility of the road assets that are a part of this TOT package. In August, a tranche of eight operational road assets with a length of 586.5 km was up for bids, covering states such as Gujarat, Bihar, West Bengal and Rajasthan. NHAI has finalised the floor price for this bundle of projects at Rs 53.62 billion in lieu of a concession or toll collection period of 30 years. The deadline for submitting the bids was November 5. But this has now reportedly been stretched by a month, to December 5, taking into account some of the companies’ requests which are assessing the assets. As per the TOT model, the NHAI gets an upfront amount from the winning bidder for the 30-year concession period, along with the responsibility to maintain and operate the roads. In February this year, the first TOT bundle of road projects was bid out to Macquarie Group in partnership with Ashoka Buildcon for Rs 96.81 billion, which is one and a half times higher than the floor price of Rs 62.58 billion. Under the TOT model, MoRTH has identified 105 operational highways for auction. Union Minister Nitin Gadkari reportedly believes that monetising these projects can earn the government up to Rs 1.25 trillion.

Next Story
Infrastructure Transport

NHAI to Build 6-Lane Agra-Gwalior Expressway on BOT (Toll) Mode

To enhance connectivity between the tourism hubs of Agra and Gwalior, National Highways Authority of India (NHAI) will develop 88 km long 6-lane access controlled Agra-Gwalior Greenfield Expressway (NH-719D). NHAI, today signed a concession agreement for the implementation of project with GR Infraprojects, in presence of NHAI Chairman, Santosh Kumar Yadav and senior officials of NHAI and the Concessionaire. The Agra-Gwalior Greenfield Expressway will start from Deori village in Agra and terminate at Susera village in Gwalior. The project shall be developed at a Total Capital Cost of Rs 46.13 b..

Next Story
Infrastructure Transport

Cabinet Nods 166.8-km NH-6 Greenfield Corridor on HAM Mode

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Narendra Modi has approved the proposal for Development, Maintenance and Management of 4-lane Greenfield Access Controlled 166.80 km of National Highway No. 06 from Mawlyngkhung (near Shillong) in Meghalaya to Panchgram (near Silchar) in Assam on Hybrid Annuity Mode as an access controlled greenfield High-Speed Corridor at a total capital cost of Rs 228.64 billion. The project length of 166.80 km lies in Meghalaya (144.80 km) and Assam (22.00 km). The proposed Greenfield high-speed corridor will improve the service level ..

Next Story
Infrastructure Urban

Commercial Ops Begin at Multi-Modal Logistics Park in Nagpur

Under the PM Gati Shakti initiative of Prime Minister with the aim to provide seamless and efficient connectivity for the movement of people, goods and services across various modes of transport, thereby enhancing last-mile connectivity and reducing travel time, and under the guidance of Union Minister of Road Transport and Highways, Nitin Gadkari, the Multi Modal Logistics Park, Nagpur (MMLP Nagpur) at Sindi, near Wardha commenced its commercial operations with a goal to establish a faster link. The MMLP Nagpur established by National Highway Logistics Management (NHLML), a 100 per cent own..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?