NHAI awards toll-operate-transfer bundle projects
ROADS & HIGHWAYS

NHAI awards toll-operate-transfer bundle projects

The National Highways Authority of India (NHAI) has taken a significant step forward in bolstering the country's infrastructure by awarding two Toll-Operate-Transfer (TOT) bundles. Valued at an impressive ?9.384 billion, these projects signify a crucial investment in the enhancement of India's highway network. The TOT model involves private entities operating and maintaining the toll collection on selected highway stretches, contributing to the overall development of the transportation sector. In the latest move, NHAI has granted these bundles to private entities, marking a strategic collaboration between the public and private sectors. The decision aligns with the government's commitment to accelerating infrastructure development and meeting the growing demands of a burgeoning economy. The first bundle encompasses key highway sections, strategically selected to improve connectivity and efficiency in transportation. Simultaneously, the second bundle targets another set of critical routes, forming a comprehensive approach to infrastructure expansion. The infusion of ?9.384 billion into these projects reflects a substantial commitment towards fostering economic growth and facilitating smoother, more accessible travel across the nation. This initiative is poised to unlock opportunities for employment, stimulate economic activities, and enhance overall connectivity. The awarded projects are expected to play a pivotal role in reducing travel time, boosting trade, and promoting regional development. As India continues to march towards its ambitious infrastructure goals, collaborations such as these underscore the importance of public-private partnerships in achieving sustainable and robust growth.

The National Highways Authority of India (NHAI) has taken a significant step forward in bolstering the country's infrastructure by awarding two Toll-Operate-Transfer (TOT) bundles. Valued at an impressive ?9.384 billion, these projects signify a crucial investment in the enhancement of India's highway network. The TOT model involves private entities operating and maintaining the toll collection on selected highway stretches, contributing to the overall development of the transportation sector. In the latest move, NHAI has granted these bundles to private entities, marking a strategic collaboration between the public and private sectors. The decision aligns with the government's commitment to accelerating infrastructure development and meeting the growing demands of a burgeoning economy. The first bundle encompasses key highway sections, strategically selected to improve connectivity and efficiency in transportation. Simultaneously, the second bundle targets another set of critical routes, forming a comprehensive approach to infrastructure expansion. The infusion of ?9.384 billion into these projects reflects a substantial commitment towards fostering economic growth and facilitating smoother, more accessible travel across the nation. This initiative is poised to unlock opportunities for employment, stimulate economic activities, and enhance overall connectivity. The awarded projects are expected to play a pivotal role in reducing travel time, boosting trade, and promoting regional development. As India continues to march towards its ambitious infrastructure goals, collaborations such as these underscore the importance of public-private partnerships in achieving sustainable and robust growth.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement