NHAI identifies projects worth Rs 30,000 cr to be offered on PPP mode
The NHAI has identified various stretches on a pan-India basis that will be constructed through the PPP mode on the build-operate-transfer (toll) basis, the Ministry of Road Transport and Highways said in a statement.
In BOT projects, private sector developers build a road using their own funds, operate it and then transfer it to the government after a specified period.
“NHAI will invite bids for these stretches after looking at the response for the annual pre-qualification proposal. This will help us gauge the sentiments of the investors,” a government official said, asking not to be identified.
“NHAI has identified various stretches on pan India basis which will be constructed through Public Private Partnership on Built Operate Transfer (Toll) Mode. These stretches have been selected on the basis of consultation with the perspective bidders,” the ministry of road transport and highways said in a statement on Thursday.
The authority has already invited the proposal for Annual Pre-Qualification for construction of four to six lane of National Highways for these stretches.
The identified stretches cover about 950 km with a cost of about Rs.30,000 Crore in the states of Andhra Pradesh, Haryana, Maharashtra, Karnataka, Tamil Nadu, West Bengal, Chhattisgarh and Madhya Pradesh.
“Certain modifications have also been made in the existing RFAQ to make it more industry friendly,” the government statement said.
These identified stretches will be bid out over the course of the current and next financial year, said the official quoted above.
The ministry of road transport and highways led by Union Minister Nitin Gadkari, has been working to revive BOT mode of project allocation.
To revive private investment in the roads sector, the highways ministry is also identifying the shortcomings of the Build-Operate-Transfer (BOT) mode of construction, Gadkari told ET in a recent interview.
ET reported on June 14 that the ministry was looking at making key changes to the BOT framework to evince response from private investors which has remained subdued for almost four years now.
The ministry is making changes to the termination clause of BOT projects, among other changes and is expected to soon issue guidelines to ensure that the project mode is successful.