+
NHAI identifies 950 km stretches to be constructed under PPP
ROADS & HIGHWAYS

NHAI identifies 950 km stretches to be constructed under PPP

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.  

The agency has invited pre-qualification bids after which it will assess the potential investors’ responses.

In accordance with the BOT model, the funding for building roads will be provided by the private sector developers who will also operate it for a fixed duration before transferring it to the government. 

Various stretches have been identified on a pan-India basis after discussions with possible bidders, and cover the states of Andhra Pradesh, Haryana, Maharashtra, Karnataka, Tamil Nadu, West Bengal, Chhattisgarh and Madhya Pradesh. The stretches are set to be bid out in the span of the current and the next financial year. 

Additionally, the ministry of road transport and highways is also taking active steps to make the BOT mode of construction more attractive to the private sector. It is also reportedly, amending the termination clause of BOT projects, among other changes and is expected to issue guidelines to ensure that the project mode is successful.

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.  The agency has invited pre-qualification bids after which it will assess the potential investors’ responses.In accordance with the BOT model, the funding for building roads will be provided by the private sector developers who will also operate it for a fixed duration before transferring it to the government. Various stretches have been identified on a pan-India basis after discussions with possible bidders, and cover the states of Andhra Pradesh, Haryana, Maharashtra, Karnataka, Tamil Nadu, West Bengal, Chhattisgarh and Madhya Pradesh. The stretches are set to be bid out in the span of the current and the next financial year. Additionally, the ministry of road transport and highways is also taking active steps to make the BOT mode of construction more attractive to the private sector. It is also reportedly, amending the termination clause of BOT projects, among other changes and is expected to issue guidelines to ensure that the project mode is successful.

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?