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The National Highways Authority of India (NHAI) is understood to be considering a change in wording of future contracts to avoid conflicts with road developers, such as the ongoing cases in which it has barred companies from bidding for future projects. NHAI’s executive committee held a meeting with the National Highway Builders Federation (NHBF) on Thursday during which NHAI agreed to consider NHBF’s suggestion to reconsider replacing the word “termination” with “cessation” or other similar words or phrases. In the ongoing case of developers who have been listed as defaulters and barred from bidding for future projects, the issue arose because developers had to invoke the termination clause, thereby getting themselves blacklisted by NHAI.

Larsen & Toubro (L&T), which was among companies barred from bidding for the National Highways Authority of India (NHAI) projects a fortnight back, sees an amicable solution to the row.

Meanwhile, it will continue to bid for projects that come along.

The National Highways Authority of India (NHAI) is set to hold a meeting of its executive committee on November 16 to discuss the way forward in the matter of road developers that have been listed as defaulters and barred from bidding for further projects. According to sources, the NHAI is expected to invite the National Highways Builders Federation (NHBF) for the meeting to give them the opportunity to discuss the grievances of their members.

NEW DELHI: The highways ministry on Thursday directed National Highways Authority of India (NHAI) to put the show cause notices to developers in abeyance. NHAI had issued the notices to around 20 construction companies asking them to explain why they should not be barred from future projects for two-to-three years due to failure to complete the awarded projects. Highways minister Nitin Gadkari on Thursday asked NHAI to review each case on its merit before taking "any further action".

NITI Aayog CEO Amitabh Kant has replaced Subhash Chandra Garg, secretary in the department of economic affairs, on the board of the National Highways Authority of India (NHAI).

The reorganisation of the NHAI board was made as part of the Cabinet approval for the ambitious Bharatmala programme.

Finally, National Highways Authority of India (NHAI) has come out with a tender to monetise road assets through toll-operate-transfer (TOT) model.

The government highway developer has released a Request for Proposal to attract private players to take up nine operational highway projects in Andhra Pradesh and Gujarat.

NHAI to tweak Toll-operate-Transfer model
Posted on 27th September 2017
New Delhi: The National Highways Authority of India (NHAI) plans to tweak its newly introduced project for monetizing public-funded national highways, also known as Toll-operate-Transfer (ToT) roads, to give Indian bidders a level playing field.

At present in the ToT model, a raft of toll roads would be auctioned for 30 years; potential buyers would have to make an upfront payment of around $1 billion, making it a challenge for Indian firms to bid.

The central government might decide to list the National Highways Authority of India (NHAI) on the stock exchanges, as a way to bypass the need for bank funding.

And, perhaps also use the engineering, procurement and construction (EPC) model for financing road construction, said Nitin Gadkari, the minister in charge. “It (NHAI IPO) is in the process now. I'm thinking, but I need approval from the finance ministry,” he said. The minister did not reveal details of a plan to list the NHAI, beyond saying he needed approval from the ministry for this. He complained banks were taking up to 12 months to approve financial closure for highway projects.

Infrastructure firm Welspun Enterprises Ltd (WEL) today announced acquisition of 49 per cent stake in two road projects of NHAI from MBL Group for Rs 23 crore. The company also said that its board has approved the proposal of its subsidiary – Welspun Financial Services Limited (WFSL)- to apply to RBI for NBFC licence. “WEL has agreed to acquire 49 per cent stake in two NHAI Hybrid Annuity Model (HAM) projects from MBL Group, subject to necessary approvals and statutory compliances. WEL will be the sponsor to these two projects, thus expanding its HAM project portfolio to three projects,” WEL said in a BSE filing.

CDM, the Boston-based consultancy firm that allegedly paid kickbacks to the National Highways Authority of India (NHAI) officials between 2011 and 2015 to bag contracts was blacklisted by the authority in 2015 itself.

According to an official, CDM Smith was blacklisted by NHAI in 2015.

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