Macquarie wins road projects under TOT for Rs 9,681 crore
Macquarie has placed the bid of Rs 9,681 cr as against govt's expectations of Rs 6,258 crore. This is Modi govt's first such asset recycling process.
Road projects on BOT mode struggle to take off as govt yet to frame guidelines
The guidelines are being re-drawn with an aim to make BOT projects more investor-friendly as the government looks to revive private investment in the sector. In BOT projects, private sector developers build a road using their own funds, operate it and then transfer it to the government after a specified period.
FASTag will hasten road assets sale, says NHAI
Foreign pension funds and private equity funds were showing more interest in India’s highway road assets within the infrastructure space given the policy issues involved with various states in other infrastructure asset classes, Asheesh Sharma, member (finance), the National Highways Authority of India (NHAI) said.
Highway monetisation to get a big boost with TOT
The National Highways Authority of India is expected to invite bids for 11 TOT roads projects.
In a first, Telangana to monetise roads through TOT route; appoints Crisil as transaction advisors
The TOT model, an asset recycling model which enables completed road projects to be monetised, is now being initiated at the state level in India.
FASTag adoption, new projects to improve NHAI cashflows: Report
It can be noted that NHAI has been facing funding and cash flow issues leaving many of its projects stalled. The national road builder's debt has risen eight times between fiscals 2014 and 2019 to Rs 1.8 lakh crore, primarily due to spiralling land cost which generally makes up 30-35 percent of a project cost.
Government plans to tweak highway auction norms
While the proposal to tweak conditions for auctioning of completed highway stretches to make them attractive for investors and allowing NHAI to securitise the future flow of toll revenue of already operational stretches with banks and financial institutions to get upfront lump sum amount would be considered by the cabinet.
Monetisation of 75 projects via TOT to fetch Rs 35,600cr: ICRA
The rating agency said the concession period for the TOT projects is expected to be 30 years, with permissible debt up to 80 per cent of the concession fee.
Techy tots: When parents started to enroll their kids in robotics classes!
Keen to make their kids future ready, parents are choosing robotics courses over the stereotype drawing & drama lessons.
Bids invited for 9 national highways by NHAI
The auction will involve highways running across Andhra Pradesh and four in Gujarat. The total length of these highways is just under 700 km.
Spurs v West Ham game postponed for safety reasons
SOCCER-ENGLAND-TOT-WHU-FIXTURE:Spurs v West Ham game postponed for safety reasons
Auction to lease out 11 NHs under toll-operate-transfer in mid-September
The auction will involve seven highways running across Andhra Pradesh and four in Gujarat. The total length of these highways is just under 700km.
Spurs can keep up English record and win in Madrid - Alderweireld
SOCCER-CHAMPIONS-MAD-TOT-ALDERWEIRELD:Spurs can keep up English record and win in Madrid - Alderweireld
Snazzy bedrooms trending for city’s tiny tots
No more do parents want childish themes for their kids’ bedrooms. Cartoons and stuffed toys have been replaced with quality and panache.
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