NHAI invites bids for TOT-5, its smallest ever bundle of road assets for monetisation
The total length of the bundles is around 160 kilometre. The TOT Bundle-I consisting of nine projects, totalling 681 Km of Highways, was awarded in 2018. Subsequent TOT bids have had highways of 500 km on offer. The ministry, led by Union minister Nitin Gadkari had been working on introducing smaller TOT bundles for attracting domestic players.
NHAI withdraws TOT-4 as it tests recent policy changes for monetising road assets
Bids for TOT-4 were invited in November 2019, with a concession value of Rs 4,200 crore, which was later halved to around Rs 2,200 crore, to suit smaller investors.
Cube Highways pays Rs 5,011 crore to NHAI for TOT-3
The Singapore-based firm had delayed the payment to the National highways building authority amid the uncertainties posed by Covid-19 outbreak. NHAI on Monday received upfront payment of Rs 5,011 crore, a statement from the ministry of road transport and highways said.
National Highways Authority of India eyes asset monetisation as TOT model skids
Singapore-based Cube Highways, which bagged TOT-3 bundle in November 2019 quoting Rs 5,000 crore, has so far not made the payment to NHAI.
Covid-19: Bid submission for TOT-4 auction deferred again
Bids for TOT-4, floated in FY20, were due on Wednesday, after four rounds of postponement. The bid submission date has now been deferred by a month, a senior official told ET.
Infrastructure company Cube Mobility secures Rs 3500 crore loan for ToT projects
Cube Highways had been awarded TOT- Bundle 3 Projects, consisting of 9 road stretches with 2,265 lane kilometers across four states in India.
Tiny tots, pots & doll houses: Decoding the soaring popularity of miniature utensils for kids
The more modern strand of toy kitchens is represented by larger play kitchens.
Highway stretches may be offered for as low as Rs 1,500 crore to attract domestic companies
The National Highways Authority of India (NHAI), which monetises operating assets through the Toll-Operate-Transfer (TOT) model, gives long-term tolling rights to concessionaires against a lump sum payment.
BOT no more: Is the Build-Operate-Transfer model of road developing dead?
Participation in BOT projects — where private developers build a road using their own funds, operate it and then transfer it to the govt after a specified period — has been declining for five years now. Investors have been wary of putting money given the high risk factors, changing traffic flow on account of new roads coming up over the years being a major one.
2021 will be the year of Dekho Apna Desh, says Tourism Minister Prahlad Singh Patel
The Union Minister speaks to ET about the losses incurred due to the pandemic and now instilling confidence among travelers is the priority as of now.
Cube Highways wins TOT project with Rs 5,011 cr bid
Financial bids for the third bundle of toll-operate-transfer(TOT) auctions were opened on Wednesday. TOT was introduced in 2016 to monetise publicly-funded highways. Under the model, investors make a one-time payment in return for long-term toll collection rights.
'Upcoming road projects may shift towards PPP as govt funds getting impacted due to COVID-19'
Addressing the company's 22nd annual meeting virtually, the company's Chairman and Managing Director Virendra Mhaiskar said the firm will focus on BOT (build-operate-transfer)-based projects.
TOT auctions likely to be postponed for the second time
The National Highways Building Authority of India (NHAI) in June this year invited bids for a cumulative 500 kms of road stretches looking to raise a minimum of Rs 4,995 crores.
Cube Highways likely to raise Rs 3,500 crore from SBI
Cube is backed by Abu Dhabi Investment Authority (ADIA), International Finance Corporation, Mitsubishi Corporation and Japan Expressway International among others.
Local over foreign: Govt likely to cancel Chinese firm's bids for Delhi-Mumbai expressway
The three projects in question are to be built on the engineering procurement construction (EPC) mode – they are government funded but executed by private developers. Bids for these projects were received in March this year.