BOT highway projects back, two Bengal projects receive ‘premium’ bids from Adani, IRB Infra
The highway sector seems to again witness investors’ interest in pure public-private-partnership (PPP) projects, the share of which in new awards has declined precipitously for nearly a decade and drawn a blank in the last two financial years.
The National Highways Authority of India (NHAI) had recently invited bids under the revised, investor-friendly build-operate-transfer (toll) model for six-laning of the two stretches in West Bengal – Panagarh to Palsit (67.75 km) and Palsit to Dankuni (63.83 km) – on the NH-19. Private investors have offered to pay a premium for both projects.
