Infra companies seek more time to evaluate 3rd bundle of toll-operate-transfer highway projects
NEW DELHI: Leading infrastructure investors including Cube Highways, Macquarie Group, IRB Infrastructure and Larsen & Toubro (L&T) have sought more time for evaluating the highways ministry’s third bundle of toll-operate-transfer (TOT) projects, officials aware of the matter said.
National Highways Authority of India invited bids for nine national highway stretches for a cumulative length of 566 km on June 13 in its third round of TOT auctions. The projects are spread across Bihar, Jharkhand, Tamil Nadu and Uttar Pradesh, with a base value of around Rs 4,995 crore.
“Major infrastructure players like Cube Highways, Macquarie, IRB, L&T among others, have asked for an extension. We held a road show on TOT recently, so we will need to give them some time,” a government official told ET.
