Amid a funding squeeze, NHAI seeks bids for fourth bundle of road assets
Mumbai: The National Highways Authority of India (NHAI) has invited bids for its fourth bundle of road assets to be auctioned under the toll-operate-transfer (TOT) model, as it looks to meet divestment targets and raise funds for new projects.
This despite the fact that the third round, which has a base price of ₹4,995 crore, is yet to close. In fact, the NHAI has deferred the deadline to submit bids twice—from mid-September to 31 October—following investors’ requests for more time.
In a public notification released late on Wednesday night, NHAI, which is the nodal agency of the ministry of road transport and highways, has set an initial estimated concession value of ₹4,170 crore for the bundle. Bidding is expected to close by January 2020.
