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Home Banking & Finance

TOT Bundle II: Bid submission 19 Dec 2018

Fiinews by Fiinews
December 5, 2018
in Banking & Finance, Infrastructure, Investment, Projects, Roads
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On offer: 12 Toll Plazas for 586-km of NH

 

The submission of bids investors for second bundle of Toll-Operate-Transfer (TOT) for over 586-km of National Highways (NH) will close on 19 Dec 2018.

This Highways with 12 Toll Plazas are over four states – Rajasthan, Gujarat, West Bengal and Bihar.

Road Transport & Highways Minister Nitin Gadkari had initiated this process through a Road Show in Mumbai on the 15 Nov 2018, inviting prospective investors to be a part of the TOT projects.

Foreign investors have expressed huge interest in the concept during the bid process of TOT Bundle I.

TOT Bundle II offers operational highways with a proven tolling history of at least 2 years.

These are:

Rajasthan: Chittorgarh – Kota & Chittorgarh Bypass 160-50-km NH 27 with 3 Toll Plazas.

Rajasthan: Swaroopganj – Pindwara & Pindwara – Udaipur 1200 NH 27 with 2 Toll Plazas.

Rajasthan-Gujarat: Palanpur/Khemana-Abu Road 45-km NH 27 with one Toll Plaza.

Gujarat: Jetpur Somnath 102.26-km NH 151 with two Toll Plazas.

Bihar: Purnea Dalkhola 36.30-km NH 31 with one Toll Plaza.

West Bengal: Dalkhola Islampur 51.97 km NH 31 with one Toll Plaza.

West Bengal: Islampur-Sonapur–Ghoshpukur 44-km NH 31 one Toll Plaza.

West Bengal: Salsalabari-West Bengal Assam Border Section 26.50-km NH31C one Toll Plaza.

TOT is a model for monetizing operational National Highways projects, said a release Ministry of Road Transport and Highways on 4 Dec 2018.

The investor makes a lump sum payment in return for long term toll collection rights backed by a sound tolling system.

The concession period is 30 years.

Up to 49% divestment is allowed till two years of the concession period.

Up to 10% change in ownership is allowed after two years.

The investor is de-risked from undertaking any construction.

If required, the National Highway Authority of India (NHAI) will conduct capacity augmentation at its own cost.

The first TOT bundle of 9 projects, totalling approximately 681-km of roads in Andhra Pradesh and Gujarat, was awarded in 2018.

TOT Bundle-I was awarded to Macquarie for Rs.9,681 Crore, which was 1.5 times the Authority’s estimate. NHAI did a financial closure of this project 29 of August 2018 in New Delhi. fiinews.com

Tags: Ministry of Road Transport and HighwaysNational Highway Authority of IndiaNitin Gadkari
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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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