New Delhi, Jun 17 () 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 ICRA 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.
The timely monetisation of mature road assets through the TOT route will be a critical determining factor in plugging the shortfall in budgetary allocations and fetch requisite funding to support ambitious execution targets set for the Bharatmala programme, ICRA noted.
