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NHAI to Soon Auction National Highways

Under the Asset Monetisation Program, NHAI has finalized 4 packages or phases in which the National Highways under the Toll-Operate-Transfer (TOT) Model will be auctioned off. <br>

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NHAI to Soon Auction National Highways

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  1. NHAI to Soon Auction National Highways The development of highways connecting various places in India is being carried out in a fast-track mode. The Highway Project of India is being taken care of by the National Highway Authority of India (NHAI), a nodal agency of the Ministry of Road Transport and Highways. Under the Asset Monetisation Program, NHAI has finalized 4 packages or phases in which the National Highways under the Toll-Operate-Transfer (TOT) Model will be auctioned off. Deloitte Touche Tohmatsu India LLP, a globally renowned firm managing audit, consulting, financial advisory, risk advisory, tax and related services, has been hired to develop, work out and periodically update the Financing Plan for NHAI. The firm has estimated a potential increase in the bidding patterns of interested investors for the auctioning of the National Highways. The TOT model consists of the auctioning of 75 highway models, 31 of which will be covered once all the 4 packages have been auctioned. Package I, whose auction was finalized in March, was handed over to the joint venture of Ashoka Buildcon and Macquarie at Rs 9621.8 crores against a base price of Rs 6,260 crores. The companies will be operating and maintaining a total of 9 stretches consisting of 648 km. Deloitte India, along with CRISIL Risk and Infrastructure Solutions Ltd, and Mazars Advisory LLP, which have together formed a panel, have already analysed the bidding pattern for Package III much ahead of time. Seeing the tremendous participation of investors in the auction, Mr Jagannarayan Padmanabhan, director – transport and logistics, CRISIL Infrastructure Advisory, has estimated substantial interest of investors in the auction of the upcoming packages as well. With the TOT model in operation, Packages II-IV will be covering 26 stretches, which comprise a total of 1703 km. The auctioning of these packages is evaluated to be approximately about 2.5 billion USD. The Toll-Operate-Transfer (TOT) Model, an initiative taken by the NHAI to put its operational highway stretches on auction, has turned out to be an accelerating factor in the already progressive Highway project. #NHAI #Tolloperatetransfer #PackageII #HighwayProject #AuctionNationalHighways

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