NHAI to monetise 2 more roads, may fetch bids of ₹4,000 crore
Mumbai: The National Highways Authority of India (NHAI) is set to monetise two road assets through toll-operate-transfer (TOT) 9 and 10 auctions after cancellation of its ToT 6 and 8 bundle auctions due to poor response, said people in the know. NHAI has invited bids for two bundles of TOT, which consists of one road each.
Domestic developers including Adani Road Transport, IRB Infrastructure, Prakash Asphalting & Toll Highways (PATH), DP Jain and Sekura Roads are expected to bid for the assets, while global investors CDPQ, CPP Investments, Cube Highways, Macquarie and homegrown fund NIIF will also join the fray, people mentioned above added.
