NHAI downsizes toll-operate-transfer-4 bid by Rs 2,000 crore
NEW DELHI: The government has downsized its fourth bid for monetisation of toll assets by around Rs 2,000 crore as it seeks to attract smaller investors that will help monetise assets faster. The National Highways Authority of India (NHAI) had invited bids for the fourth round of toll-operate-transfer (TOT) auctions in October last year to raise Rs 4,170 crore, with a total of seven road stretches having a cumulative length of 400 km.
The authority has now downsized the package, reducing the initial estimated concession value (IECV)—the base price of the bid—to Rs 2,165 crore. The concession period of the bundle has now been reduced to 20 years.
“We have reduced the size of TOT-4 since we are trying to test smaller bundles,” a government official told ET. Bids for TOT-4 are due in February.
