The national highways building authority has invited bids for the third round of Toll-Operate-Transfer (TOT) auctions, looking to raise around Rs 5,000 crores.
Bids were invited on Thursday for a cumulative 566 kms of highway stretches in Bihar, Jharkhand, Tamil Nadu and Uttar Pradesh with the floor price set at Rs 4,995 crores.
ET reported on May 25 that the National Highways Authority of India (NHAI) will seek bids for the roads under the toll-operate-transfer (TOT) plan in Tamil Nadu, Uttar Pradesh, Bihar and Jharkhand in June, expecting to fetch about Rs 5,000 crores.
Under the TOT mode of the asset monetization plan, investors make a one-time lump sum payment in return for long-term toll collection rights. The current TOT offers a 30-year lease.
