NHAI to auction second bundle of national highways under TOT mode
The National Highways Authority of India (NHAI) is inviting bids for the second bundle of national highways under the Toll Operate Transfer (TOT) model. NHAI has announced 5th November 2018 as the due date for bids. The second bundle consists of 8 stretched of national highways having a total length of 586.552 kms. The bidding national highways are located in West Bengal, Bihar, Gujarat and Rajasthan. The 8 road stretches will consist of 12 Toll Plazas.
NHAI had auctioned the first bundle of 648 kms. Macquarie won the auction quoting 1.5 times highest against NHAI Initial Estimated Concession Value (IECV) of Rs. 6258 crore (approximately USD 1 billion)
As per the press release by NHAI for the second bundle the concessionaires have to quote Bid Concession Fee against NHAI's estimated Initial Estimated Concession Value (IECV) of Rs. 5,362 crore. TOT bundle-II also involves initial construction cost of Rs 929 crore. Total contract period of TOT is for 30 years, which may increase/ decrease by 10/5 years based on increase/ decrease in traffic. The concessionaire would be required to maintain and operate the stretch during this period. In Lieu of this, the concessionaire would get the rights to collect user fee for this period, in accordance with prescribed fee rates under NH Fee Rules.
@EPC World Media