Changing the current practice, National Highways Authority of India (NHAI) will not disclose floor price for highway stretches under toll-operate-transfer (TOT) model at the time of inviting bids in future. With this, the authority expects to encourage investors who will now have a greater say on price discovery. But, according to analysts, the investors anyway have been taking decisions independently.
The floor price or the initial estimated concession value (IECV) will now be disclosed by NHAI only after receipt of technical bids and after declaring the selected bidder. The highest bidder will take the bundle on a long-term lease.
