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NHAI invites bids for Second Bundle of national highways under Toll Operate Transfer mode

in Business August 7, 2018 Comments Off on NHAI invites bids for Second Bundle of national highways under Toll Operate Transfer mode 991 Views

Newdelhi:7/8/418:National Highways Authority of India (NHAI) has invited bids for Second Bundle of national highways under the TOT(Toll Operate Transfer) model. The bundle   consists of 8 stretches of national highways in the states of Rajasthan, Gujarat, Bihar and West Bengal. Total length of project is 586.552 km There are 12 Toll Plazas on these 8 road stretches. The Bid Due Date is 5th Nov 2018.

 

Concessionaires have to quote Bid Concession Fee against NHAI’s estimated Initial Estimated Concession Value (IECV) of Rs. 5362 crore. TOT bundle-II also involves initial construction cost of Rs 929 crore. Total contract period of TOT is for 30 years, which may increase/ decrease by 10/5 years based on increase/ decrease in traffic. The concessionaire would be required to maintain and operate the stretch during this period.  In Lieu of this, the concessionaire would get the rights to collect user fee for this period, in accordance with prescribed fee rates under NH Fee Rules.

 

It may be recalled that for TOT Bundle-I of 648 km, Macquarie had quoted highest as 1.5 times against the NHAI IECV of approx 1 billion USD (Rs. 6258 crore). The highest bid of Macquarie was approx 1.5 Billion USD (Rs. 9681 crore).

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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