Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 19, 2019

NHAI Identifies Highway Projects To Be Built Under Public-Private Partnership Model

NHAI Identifies Highway Projects To Be Built Under Public-Private Partnership Model
School buses travel along a highway in Surat, Gujarat, India. (Photographer: Karen Dias/Bloomberg)
STOCKS IN THIS STORY
Nifty MidSmall India Consumption
--

The National Highways Authority of India has identified 950 km of highway projects that will be built at a cost of Rs 30,000 crore under the public-private partnership model, the government said on Thursday.

The highway projects are spread across eight states.

NHAI has identified various stretches on a pan-India basis to be constructed through the PPP mode on the build-operate-transfer (toll) basis, the Ministry of Road Transport and Highways said in a statement. These stretches have been selected on the basis of consultation with the prospective bidders.

"The identified stretches cover about 950 km with a cost of about Rs 30,000 crore in Andhra Pradesh, Haryana, Maharashtra, Karnataka, Tamil Nadu, West Bengal, Chhattisgarh and Madhya Pradesh," the statement said.

NHAI has already invited the proposal for annual pre-qualification for construction of four or six lanes of national highways for these stretches, it said.

The process of annual pre-qualification will not only streamline and ease bid process of individual projects on the BOT model but also give an idea about the market response, it added.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search