Monetization of NHAI’s fourth TOT bundle faces legacy issues
Posted on 21st October 2019 |
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The National Highways Authority of India (NHAI) is in dire need of funds for expanding the road network. Towards this end, the nodal government agency has put the fourth bundle of toll projects on the block, inviting bids under the TOT (toll-operate-transfer) model. However, here’s why analysts and industry experts are sceptical about garnering any premium bids for this bundle. |
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NHAI seeks bids for fourth bundle of TOT, sets base price of ₹4170 crore
Posted on 17th October 2019 |
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Mumbai: The National Highways Authority of India (NHAI) has invited bids from the private sector for auctioning of tolling rights in seven National Highways, as part of the fourth bundle of its toll-operate-transfer programme. The NHAI has set the base price at ₹4170 crore. |
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NHAI extends deadline for bids for 3rd tranche of highways under TOT: Chairman
Posted on 28th September 2019 |
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NEW DELHI : The NHAI, which is eying an estimated ₹4,995 crore from monetisation of third bundle of highway assets, has extended the deadline for receiving bids by a month on demand from investors, its Chairman NN Sinha said on Friday. It plans to monetise nine highway stretches totalling 566.27 km in Uttar Pradesh, Bihar, Jharkhand and Tamil Nadu in the third tranche under toll operate and transfer (TOT) model. |
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NHAI seeks IITs' help in reducing costs, constructing better road
Posted on 25th September 2019 |
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National Highways Authority of India (NHAI) is in discussions will the Indian Institutes of Technology (IITs) for bringing in greater efficiency in the sector by reducing the cost of road construction and improving quality in the long run. It is learnt that the authority would engage with all the IITs for conducting studies and finding efficient and innovative solutions to highway building by way of technology. |
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NHAI to put existing highway projects under infrastructure investment trust
Posted on 17th September 2019 |
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The government is finalising a list of functional national highway projects that would be placed under infrastructure investment trust (InvIT) to be offered to potential investors. It is learnt that the National Highways Authority of India (NHAI) would prefer brown-field projects over greenfield contracts for InvIT. |
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Road ministry sees good response to third TOT tranche
Posted on 10th September 2019 |
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The Union Ministry of Roads and Highways is expecting a good response for the National Highway Authority of India's (NHAI) bid under the third tranche of 566.27 km of highways under the toll operate transfer (TOT ) despite the slowdown. NHAI is targeting Rs 4,998.71 crore from monetisation of nine highway stretches of 566.27 km in Uttar Pradesh, Bihar, Jharkhand, and Tamil Nadu. The last date of bid submission is September 30. |
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We plan to reorganise NHAI, review financing models: Nitin Gadkari
Posted on 6th September 2019 |
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Union Road Transport and Highways Minister Nitin Gadkari has said he plans to reorganise the National Highways Authority of India (NHAI). A relook at the financing models, including raising Rs 85,000 crore through road asset monetisation over the next five to six years, is also priority, the minister told Business Standard in an e-mail interview. |
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New speed breaker on India's road to $ 5 trn economy; NHAI's mounting debt
Posted on 30th August 2019 |
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India’s path to economic recovery faces another obstacle, with Prime Minister Narendra Modi asking the state road builder to stop constructing highways after its debt ballooned almost seven-fold over the past five years. "National Highways Authority of India totally logjammed with unplanned and excessive expansion of roads," the prime minister’s office wrote to NHAI in a letter dated August 17. "NHAI mandated to pay several times the land cost; its construction costs also shooting up. Road infrastructure has become financially unviable." |
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PMO's suggestion to NHAI: Stop building roads, sell assets through an InvIT
Posted on 24th August 2019 |
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The NHAI should discontinue constructing roads and encourage the private sector to take over the running of completed projects. These are two of the key suggestions that the Prime Minister’s Office has made to the National Highways Authority of India (NHAI). In a letter dated August 17, Nripendra Misra, Principal Secretary to the Prime Minister, wrote to Sanjeev Ranjan, Secretary, Ministry of Road Transport and Highways, collating suggestions to improve the operational performance of NHAI. |
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NHAI’s third TOT bundle draws interest from 27 companies
Posted on 3rd August 2019 |
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New Delhi: As many as 27 companies have evinced interest in National Highways Authority of India’s latest bundle of toll-operate-transfer (TOT) projects. The initial estimated concession value (IECV or reserve price) for the third bundle of TOT, which is up for bidding by private operators, is ₹4,995.48 crore. |
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