NHAI invites bids for Toll-Operate-Transfer 4, plans to raise Rs 4,200 crore
New Delhi: The national highways building authority has invited bids for its fourth bundle of Toll-Operate-Transfer (TOT) projects, looking to raise around Rs 4,200 crore.
The government had introduced the TOT model in 2016 for monetisation of publicly-funded highways. Under this, investors make a one-time lump sum payment in return for long-term toll collection rights.
Bids were invited on Wednesday for seven projects of cumulative length of 401 kilometres, in the states of Punjab, Haryana, Rajasthan, Maharashtra, Madhya Pradesh and union territory Jammu and Kashmir, for a concession period of 30 years, and base value of Rs 4,170 crore.
