Key Points
National Highway Authority of India (NHAI), which has been aggressively monetizing its road assets, has come out with 300-km road stretch to be auctioned under the Tolling, Operation, Maintenance and Transfer (TOT) Model...
Roads under ToT 13 & 14 include 28-km long Kota Bypass (NH76) and 81-km long Gwalior-Jhansi (NH75) under ToT13; and 60-km long Delhi-Meerut Expressway (NH-334 DME), 51-km long Delhi-Hapur section (NH-24 & part of DME) and 79-km long Binjabahal-Teleibani road (NH6)..
ToT 13 & 14 bundles are likely to be valued at 6000-7000 crore, said people aware of the development..
A clutch of global investors including Canadian fund CDPQ, KKR, Cube Highways and domestic road operator IRB Infrastructure Developers are interested in acquiring 361-km long highway assets under ToT 12 auction by The National Highway Authority of India (NHAI), ET reported last month...
Till date, NHAI has awarded six TOT Bundles (TOT-1, 3, 5A1, 5A2, 7 & 9) and raised Rs. 26,366 crore from bids invited for 11 TOT bundles..
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