The National Highways Authority of India (NHAI) has scrapped the tender process for monetisation of two bundles of highways due to lower-than-expected bids and decided to start the process afresh, a senior official said on Friday.
The highest bids of Rs 6,031 crore that were received for the highways, which were grouped together in two bundles for monetisation through Toll Operate Transfer (TOT) model, were lower than the concession value estimated by the NHAI, the official added.
