NHAI to offer Rs.440 billion worth of BOT road projects in FY25
ROADS & HIGHWAYS

NHAI to offer Rs.440 billion worth of BOT road projects in FY25

The National Highways Authority of India (NHAI) plans to offer 15 road projects worth Rs.440 billion, covering 900 km, for bids under the build-operatetransfer (BOT) mode in FY25.

If successful, this could mark the comeback of public-privatepartnership projects in highways. The government earlier this year amended the model concession agreement to make it attractive for the private sector to invest in road construction.

The 15 projects for this fiscal year are a part of the government’s plan to offer 53 projects worth over Rs.2.2 trillion, covering route length of 5,200 km, under BOT mode over the next three to five years.

There is a lot of traction for BOT projects following the amendments to the model concession agreement and the ministry will capitalise on this.

Under the BOT mode, the successful bidder constructs, operates and maintains the awarded highway, recovering the investment through toll rights for a specific period. Of 176 projects awarded in 2023- 24, only one project was on BOT mode while all the others were awarded on engineering, procurement and construction basis (EPC) or the hybrid annuity model

The National Highways Authority of India (NHAI) plans to offer 15 road projects worth Rs.440 billion, covering 900 km, for bids under the build-operatetransfer (BOT) mode in FY25.If successful, this could mark the comeback of public-privatepartnership projects in highways. The government earlier this year amended the model concession agreement to make it attractive for the private sector to invest in road construction.The 15 projects for this fiscal year are a part of the government’s plan to offer 53 projects worth over Rs.2.2 trillion, covering route length of 5,200 km, under BOT mode over the next three to five years.There is a lot of traction for BOT projects following the amendments to the model concession agreement and the ministry will capitalise on this.Under the BOT mode, the successful bidder constructs, operates and maintains the awarded highway, recovering the investment through toll rights for a specific period. Of 176 projects awarded in 2023- 24, only one project was on BOT mode while all the others were awarded on engineering, procurement and construction basis (EPC) or the hybrid annuity model

Next Story
Infrastructure Transport

Aviation Tech Leader Expands in India

An aviation technology leader has announced a significant expansion in India, aiming to enhance its technological footprint in the burgeoning market. This strategic move underscores the company's commitment to innovation and growth in the aviation sector. India, with its rapidly growing aviation industry, presents a fertile ground for technological advancements. The aviation tech leader's expansion aligns with the country's increasing demand for cutting-edge solutions that improve operational efficiency, safety, and customer experience. By establishing a more robust presence in India, the comp..

Next Story
Real Estate

Maharashtra Relaxes Rules for Buildings

The Maharashtra government has announced a relaxation in open space requirements for commercial buildings with glass facades, a move expected to significantly impact urban development and the real estate sector in the state. This decision aims to promote modern architectural designs and boost economic growth by encouraging the construction of high-rise buildings with contemporary aesthetics. The relaxation in regulations will allow developers to optimize land use, particularly in densely populated urban areas where space is a premium commodity. By reducing the mandatory open space around comme..

Next Story
Real Estate

JSW Infrastructure Buys Navi Mumbai Office

JSW Infrastructure has made a significant move in the commercial real estate market by acquiring office space worth Rs 88 crore in Navi Mumbai's Nerul area. This purchase marks a strategic expansion for the company, enhancing its footprint in a key commercial hub and aligning with its broader business growth and infrastructure development objectives. Navi Mumbai, known for its well-planned infrastructure and connectivity, has become a prime location for businesses seeking modern office spaces. The acquisition by JSW Infrastructure underscores the company's commitment to leveraging strategic re..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000