The National Highway Authority of India (NHAI) on Tuesday saw active participation by potential investors in the first pre-bid meeting for the fifth round of highway monetisation programme through the toll-operate-transfer (TOT) route, authority’s chairman S S Sandhu said.
Under TOT operational, the national highways are given on long-term lease (15-30 years) to private entities on a long-term concession basis against an upfront payment. During the concession period, the TOT operator collects user fee on the stretches following the prescribed rates by the NHAI to recoup their investments; but the operator has to operate and maintain the stretches.
Under the fifth round of TOT, NHAI is offering for a 20-year lease period two bundles with a total length of 159.5 km. The last date of submission of the bids for both the bundles is December 23.
“Around 50 officials from different companies, both domestic and overseas, took part in the virtual meeting held on Tuesday. Among the investors those took part in the pre-bid meeting includes L&T, Cube Highways, Adani, ISADAK, CDPQ (a Canadian pension fund company) and Global Infrastructure Partners among others,” said an NHAI official.