NHAI plans TOT rejig to woo small companies
According to the earlier model approved by the government in 2016, NHAI could monetise publicly funded highways by offering investors toll collection rights for 30 years for a lumpsum amount. “With this flexibility, we now get a larger pool of road stretches to choose from,” a senior government official told ET.
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.
Cabinet makes key changes to TOT framework, allows NHAI to raise funds against toll revenue
Among key changes, the NHAI has been allowed to vary the concession period of toll projects between 15 to 30 years. TOT was introduced in 2016 to monetise publicly funded highways. Under the model, investors make a one-time lump sum payment in return for long-term toll collection rights of 30 years.
Just 3 companies show up for NHAI's toll-operate-transfer-3 auctions
NHAI had in June this year invited bids for the third bundle of toll-operate-transfer auctions, looking to raise a minimum of Rs 4,995 crore. While the names of the companies that have submitted bids due on Monday are not yet known, officials said leading infrastructure players such as Adani, Cube Highways, IRB Infrastructure and L&T could be among the bidders.
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.
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.
DRDO signs pacts on Transfer of Technology with 16 companies
The DRDO develops technologies for the armed forces and has been carrying out Transfer of Technology to the defence industry for end use of the forces.
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.
Bid submission date for road toll collection rights extended
NHAI had in June invited bids for the third round of toll-operate-transfer (TOT) auctions for a total of 500 kilometres of road stretches, looking to raise a minimum of `4,995 crore.
Infra companies seek more time to evaluate 3rd bundle of toll-operate-transfer highway projects
The projects are spread across Bihar, Jharkhand, Tamil Nadu and Uttar Pradesh, with a base value of around Rs 4,995 crore.
Busier roads, bigger money: Inside Modi govt's new road monetisation plan
The InvIT plan involves picking highways with high-traffic volumes and bundling 3-4 of them under a trust or an SPV.
NHAI invites bids for third round of TOT auctions
Bids were invited on Thursday for a cumulative 566 kms of highway stretches in Bihar, Jharkhand, Tamil Nadu and Uttar Pradesh
NHAI seeks proposals to create project monetisation pipeline
NHAI has sought request for proposals for empanelment of agencies ‘for preparation/submission of report on inventory of highway assets'.
NHAI to offer TOT projects in smaller bundles: Nitin Gadkari
Gadkari’s ministry is actively scouting for ways to encourage private participation in the sector.
Success of TOT critical for meeting funding requirements for Bharatmala: ICRA
The success of the third round of Toll-operate-Transfer (TOT) bundle will define the feasibility of the model introduced in 2016 for monetization of publicly-funded highways, the agency said.
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