NHAI’s TOT 5 bundle set to see many bids

Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), I Squared Capital’s roads platform Cube Highways and Edelweiss Yield Plus Infra Fund are among investors weighing bids for the fifth bundle of road assets put up for sale by the National Highways Authority of India (NHAI), two people aware of the development said.

NHAI had put up two road assets on sale at the end of September under the latest round of the toll-operate-transfer (TOT) mechanism. Both toll roads are located in Gujarat.

The roads would be offered for 20 years during which the concessionaire would need to operate and maintain them while having the right to collect user fees as per the prescribed rates.