NHAI to monetise 2 extra roads, could fetch bids of ₹4,000 crore

Mumbai: The Nationwide Highways Authority of India (NHAI) is ready to monetise two highway property via toll-operate-transfer (TOT) 9 and 10 auctions after cancellation of its ToT 6 and eight bundle auctions attributable to poor response, mentioned folks within the know. NHAI has invited bids for 2 bundles of TOT, which consists of 1 highway every.

Home builders together with Adani Street Transport, IRB Infrastructure, Prakash Asphalting & Toll Highways (PATH), DP Jain and Sekura Roads are anticipated to bid for the property, whereas international buyers CDPQ, CPP Investments, Dice Highways, Macquarie and homegrown fund NIIF may even be part of the fray, folks talked about above added.

ToT 9 consists of a 73-km Allahabad-Varanasi stretch of NH-30 in Uttar Pradesh whereas ToT 10 affords the 125-km part of Gwalior-Shivpuri (NH-03) in Madhya Pradesh. The final date for bids is April 28.

Underneath the ToT mannequin, the best to function, preserve and acquire tolls over 15-30 years on operational nationwide freeway property is leased towards a one-time, upfront concession price paid to the federal government.

ToT 9 could fetch an enterprise worth of ₹2,300-2,600 crore whereas ToT 10 could get a worth of ₹1,100-1,500 crore, mentioned one of many potential bidders for the property.

Each property could have a concession interval of 15 years.

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