National Highways Authority of India (NHAI) has invited bids for Second Bundle of national highways under the toll-operate-transfer (TOT) model.
The bundle consists of eight stretches of national highways in the states of Rajasthan, Gujarat, Bihar and West Bengal, covering 586.552 km. These eight road stretches have 12 toll plazas. The bid due date is 5 November 2018.
Concessionaires have been asked to quote bid concession fee against NHAI’s estimated initial estimated concession value (IECV) of Rs5,362 crore. TOT bundle-II also involves initial construction cost of Rs929 crore.
The total contract period of TOT is for 30 years, which may increased or lowered by 10 / 5 years based on increase / decrease in traffic. The concessionaire would be required to maintain and operate the stretch during this period. Read More