National Highways Authority of India (NHAI) has decided to offer around 950 kilometres of road stretches worth Rs 30,000 crore on Build-Operate-Transfer (BOT) model.
It has invited pre-qualification bids to gauge investors’sentiments at a time when the government is working to revive public-private partnership (PPP) in the sector.
In BOT projects, private sector developers build a road using their own funds, operate it and then transfer it to the government after a specified period.
A statement from the Ministry of Road Transport and Highways said, “NHAI has identified various stretches on pan India basis which will be constructed through Public Private Partnership on Built Operate Transfer (Toll) Mode. These stretches have been selected on the basis of consultation with the perspective bidders.”
NHAI had already already invited the proposal for Annual Pre-Qualification for construction of four to six lane of National Highways for these stretches.
Image Credit : khabarindia.in