Companies bid for BOT-toll highway project in WB
ROADS & HIGHWAYS

Companies bid for BOT-toll highway project in WB

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 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

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?