The National Highways Authority of India (NHAI) has invited bids from the private sector for auctioning of tolling rights in seven National Highways, as part of the fourth bundle of its toll-operate-transfer programme. The NHAI has set the base price at Rs 4170 crore.
The last date of submitting bids is 14th January 2020. The Bundle has 401.58 km of roads in Jammu and Kashmir, Punjab, Maharashtra, Madhya Pradesh, Haryana and Rajasthan.
The toll-operate-transfer (TOT) model, introduced by the National Democratic Alliance government in 2016, is part of the Centre’s efforts to monetize operating public infrastructure and build new assets under programmes such as Bharatmala. Under the model, the highest bidder wins the rights to operate and maintain the assets over a 30 year concession period, with rights to toll revenues from these assets until then.
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