NHAI may get favourable response in 3rd road assets auction: ICRA

NEW DELHI: With moderation in floor price, highways developer NHAI is expected to receive a favourable response from investors for a set of road assets going under the hammer in the third auction, rating agency ICRANSE -1.70 % said Monday.

A favourable response from investors is critical for the success of the toll-operate-transfer (TOT) model, under which the bundle of projects are being auctioned, as it would help tap funds for the authority for road projects, it highlighted.