NHAI to invite tenders for 400 km of roads, to raise Rs 4,000 crore

National Highways Authority of India has decided to invite bids for a cumulative 400 km of road stretches. According to an ET report, NHAI is also planning to raise around Rs 4,000 crore.

It said this will the fourth bundle of toll-operate-transfer (TOT) projects, and the second to be offered in the current financial year.

The report quoted an official as saying: “NHAI, which is working aggressively on its asset monetisation drive, has appraised the road stretches to be offered in Jammu & Kashmir, Maharashtra, Haryana, Gujarat and Madhya Pradesh, and a proposal for bids is likely to be out in October.”

The official added: “We have appraised the stretches, and the base value of the projects should be around Rs 4,000 crore.”

Image Credit : indianexpress.com

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