The National Highway Authority of India (NHAI) on Tuesday saw active participation by potential investors in the first pre-bid meeting for the fifth round of highway monetisation programme through the toll-operate-transfer (TOT) route, authority’s chairman S S Sandhu said.
Under TOT operational, the national highways are given on long-term lease (15-30 years) to private entities on a long-term concession basis against an upfront payment. During the concession period, the TOT operator collects user fee on the stretches following the prescribed rates by the NHAI to recoup their investments; but the operator has to operate and maintain the stretches.
