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
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?