+
NHAI puts 300-km of road assets under auction
ROADS & HIGHWAYS

NHAI puts 300-km of road assets under auction

The National Highway Authority of India (NHAI) is set to monetise road assets by putting a 300-km stretch to be auctioned under the toll-operate-transfer (TOT) model.

The roads under ToT 13 and 14 bundles include 28-km long Kota Bypass (NH-76) and 81-km long Gwalior-Jhansi (NH-75) under ToT 13; as well as the 60-km long Delhi-Meerut expressway (NH-334 DME), 51-km long Delhi-Hapur section (NH-24 and part of DME) and 79-km long Binjabahal-Teleibani road (NH-6). The estimated value is in the range of Rs 6000-7000 crore. The bids for these stretches are expected by September, 2023.

While NHAI is currently evaluating the bids for ToT 11 & 12 bundles, bids for the 361-km long Lalitpur-Lakhnadon stretch of NH-26 in Madhya Pradesh and 82-km long Allahabad Bypass were submitted in June, 2023.

Out of the six-lakh crore National Monetization Pipeline (NMP) of FY2022-25, the monetisation of road assets Rs 60 lakh crore has been estimated. In particular, NHAI is mandated to raise Rs 43,979 crore from asset monetisation during FY24.

Canadian fund CDPQ, KKR, Cube Highways and IRB Infrastructure Developers have evinced interest in acquiring 361-km long highway assets under ToT 12 auction by NHAI. The NHAI has awarded six TOT bundles, i.e., TOT-1, 3, 5A1, 5A2, 7 and 9, till date.

The National Highway Authority of India (NHAI) is set to monetise road assets by putting a 300-km stretch to be auctioned under the toll-operate-transfer (TOT) model.The roads under ToT 13 and 14 bundles include 28-km long Kota Bypass (NH-76) and 81-km long Gwalior-Jhansi (NH-75) under ToT 13; as well as the 60-km long Delhi-Meerut expressway (NH-334 DME), 51-km long Delhi-Hapur section (NH-24 and part of DME) and 79-km long Binjabahal-Teleibani road (NH-6). The estimated value is in the range of Rs 6000-7000 crore. The bids for these stretches are expected by September, 2023.While NHAI is currently evaluating the bids for ToT 11 & 12 bundles, bids for the 361-km long Lalitpur-Lakhnadon stretch of NH-26 in Madhya Pradesh and 82-km long Allahabad Bypass were submitted in June, 2023.Out of the six-lakh crore National Monetization Pipeline (NMP) of FY2022-25, the monetisation of road assets Rs 60 lakh crore has been estimated. In particular, NHAI is mandated to raise Rs 43,979 crore from asset monetisation during FY24.Canadian fund CDPQ, KKR, Cube Highways and IRB Infrastructure Developers have evinced interest in acquiring 361-km long highway assets under ToT 12 auction by NHAI. The NHAI has awarded six TOT bundles, i.e., TOT-1, 3, 5A1, 5A2, 7 and 9, till date.

Next Story
Real Estate

Omaxe to Develop 450-Acre Township in Indore’s Super Corridor

Omaxe has announced a major expansion in Madhya Pradesh with the acquisition of 450 acres along Indore’s Super Corridor for a modern integrated township. The company will invest Rs 12 billion in the multi-phase project, which is expected to generate Rs 25 billion in revenue over three years.  The development will include residential clusters, commercial and retail zones, schools, healthcare facilities, parks, and green mobility infrastructure. The township aims to support the region’s urban growth and rising infrastructure demand, especially with metro connectivity and major road..

Next Story
Infrastructure Energy

India’s First CBG Plant with Steel Pipeline Integration Launched

CEID Consultants and Engineering has successfully commissioned India’s first Compressed Biogas (CBG) plant integrated via a steel pipeline into a City Gas Distribution (CGD) network. Located in Batala, Gurdaspur (Punjab), the MEPL Bio-energy facility now directly supplies CBG into Gujarat Gas’ grid, eliminating the need for cylinder-based cascade transport and significantly lowering logistics costs. This breakthrough comes after CEID’s earlier deployment of MDPE pipeline offtake at the same plant. The steel pipeline marks a new industry benchmark, enabling continuous, real-time and ..

Next Story
Real Estate

Mittal Builders Plans Landmark Township to Transform Naigaon

Mittal Builders has unveiled a bold urban vision to transform Naigaon into a landmark micro-market in western Mumbai, with plans to unlock 6.5 million sq. ft. of development potential across a 70-acre land parcel. The long-term multi-phase plan has an estimated gross development value (GDV) of over Rs 80 billion. As part of this initiative, Mittal Builders has signed a joint development agreement with The House of Abhinandan Lodha (HoABL) to co-develop a 3 million sq. ft. integrated township, comprising over 4,600 apartments and high-street retail. With a planned investment of Rs 20 billi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?