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
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?