{"id":568039,"date":"2023-04-05T10:46:34","date_gmt":"2023-04-05T05:16:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=568039"},"modified":"2023-04-05T10:46:34","modified_gmt":"2023-04-05T05:16:34","slug":"nhai-project-bidders-must-be-bbb-or-higher-rated-cos","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nhai-project-bidders-must-be-bbb-or-higher-rated-cos\/","title":{"rendered":"NHAI project bidders must be &#8216;BBB&#8217; or higher rated cos"},"content":{"rendered":"<p>NEW DELHI: Infrastructure construction firms only with &#8216;BBB&#8217; or higher credit rating will be eligible to bid for National Highway (NH) projects built in public-private partnership (PPP) mode. If any bidder doesn&#8217;t meet the credit rating benchmark, it will have to submit a &#8220;letter of comfort&#8221; from its bankers or financial institution, while bidding for the project.<\/p>\n<p>This is for the first time the highway ministry has set such a parameter for private construction entities. The move comes amid reports of contractors bagging projects under Build Operate and Transfer (BOT-Toll) and Hybrid Annuity Model (HAM) facing difficulty in arranging funds to start work, which delays the project implementation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Infrastructure construction firms only with &#8216;BBB&#8217; or higher credit rating will be eligible to bid for National Highway (NH) projects built in public-private partnership (PPP) mode. If any bidder doesn&#8217;t meet the credit rating benchmark, it will have to submit a &#8220;letter of comfort&#8221; from its bankers or financial institution, while bidding for the project. This is for the first time the highway ministry has set such a parameter for private construction entities. The move comes amid reports of contractors bagging projects under Build Operate and Transfer (BOT-Toll) and Hybrid Annuity Model (HAM) facing difficulty in arranging funds [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,221,137],"tags":[],"class_list":["post-568039","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/568039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=568039"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/568039\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=568039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=568039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=568039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}