India Development News & Foreign Investment Opportunities

Tenders: NHAI invites NH projects

Bid due 5 Nov 2018

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Bid due 5 Nov 2018

 

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National Highways Authority of India (NHAI) has invited bids for Second Bundle of national highways under the TOT (Toll Operate Transfer) model, it was announced on 7 Aug 2018.

The bundle consists of 8 stretches of national highways in the states of Rajasthan, Gujarat, Bihar and West Bengal.

Total length of project is 586.552 km.

There are 12 Toll Plazas on these 8 road stretches.

The Bid Due Date is 5 Nov 2018.

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.

For TOT Bundle-I of 648 km, Macquarie had quoted highest as 1.5 times against the NHAI IECV of approx US$1 billion (Rs.6,258 crore). It was highest bid of approx US$1.5 billion (Rs.9,681 crore). fiinews.com

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