Road monetisation slows down

The government's move to monetise its road assets seems to have hit the slow track. The National Highways Authority of India (NHAI) is yet to hand over several road projects to the private sector for operation even nearly two months after financial bids for them were opened. NHAI is yet to decide on the ToT (toll operate transfer) project bundles 9 and 10, they said. The financial bids for these were opened in July. Earlier, auctions for ToT bundles 6 and 8 were cancelled due to poor response from private operators. Also Read MMRDA plans tunnel to connect Eastern freeway to Girgaon ChowpattyConstruction of a service road bridge at Thiruvallam is to begin