Companies bid for BOT-toll highway project in WB

09 Mar 2021 CW Team

The National Highways Authority of India (NHAI) invited requests for proposals (RFPs) for six laning of the two stretches in West Bengal—67.75 km stretch from Panagarh to Palsit and 63.83 km stretch from Palsit to Dankuni on NH-19.

The two projects are a part of the Bharatmala project, under which the NHAI is to build 34,800 km of national highways.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

From as high as 96% of all its project awards in 2011-12, NHAI's project awards through the BOT (toll) route came to a nought in the last two fiscals. The combination of higher project awards resulted in higher reliance on conventional fully state funded EPC projects and higher accumulation of debt for NHAI, which stood at Rs 2.7 lakh crore as of November 2020.

The centre recently revised the model concession agreement (MCA) for BOT-toll projects, under which the revenue potential of a project would be reassessed every five years during the concession period as against every 10 years now. Therefore, the concession period will be extended early in the contract's tenure, adding to the certainty of cash flows.

To protect investor interest in BOT-toll projects, the growth of which will help curtail NHAI's increasing debt and find non-government, non-debt resources for highway development, the government will also guarantee to the developers that a BOT-toll project will be awarded only after NHAI taking possession of 90% of the requisite land, similar to Hybrid Annuity Model (HAM) projects. In fully government funded EPC projects, the award is executed only after 90% of the land is acquired.

Image Source

Also read: Adani, DP Jain Infra highest bidders for NHAI’s TOT-5 auction

Also read: NHAI to award Rs 72k cr highways projects by March

Adani Group, IRB Infrastructure, GR Infraprojects Ltd and PNC Infratech have submitted bids for the six laning of two stretches in West Bengal totalling around 132 km under the revised, investor-friendly build-operate-transfer (BOT-toll) scheme. The National Highways Authority of India (NHAI) invited requests for proposals (RFPs) for six laning of the two stretches in West Bengal—67.75 km stretch from Panagarh to Palsit and 63.83 km stretch from Palsit to Dankuni on NH-19. The two projects are a part of the Bharatmala project, under which the NHAI is to build 34,800 km of national highways.4th Indian Cement Review Conference 202117-18 March Click for event info From as high as 96% of all its project awards in 2011-12, NHAI's project awards through the BOT (toll) route came to a nought in the last two fiscals. The combination of higher project awards resulted in higher reliance on conventional fully state funded EPC projects and higher accumulation of debt for NHAI, which stood at Rs 2.7 lakh crore as of November 2020. The centre recently revised the model concession agreement (MCA) for BOT-toll projects, under which the revenue potential of a project would be reassessed every five years during the concession period as against every 10 years now. Therefore, the concession period will be extended early in the contract's tenure, adding to the certainty of cash flows. To protect investor interest in BOT-toll projects, the growth of which will help curtail NHAI's increasing debt and find non-government, non-debt resources for highway development, the government will also guarantee to the developers that a BOT-toll project will be awarded only after NHAI taking possession of 90% of the requisite land, similar to Hybrid Annuity Model (HAM) projects. In fully government funded EPC projects, the award is executed only after 90% of the land is acquired. Image Source Also read: Adani, DP Jain Infra highest bidders for NHAI’s TOT-5 auction Also read: NHAI to award Rs 72k cr highways projects by March

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..