Saturday, October 1, 2022

NHAI revives PPP for highway projects

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New Delhi: National Highways Authority of India (NHAI) has revived PPP partnership and identified various stretches on pan-India basis which will be constructed through Public Private Partnership (PPP) on Build-Operate-Transfer (Toll) mode. These stretches have been selected on the basis of consultation with the perspective bidders.

NHAI invites proposals for PPP partnership

NHAI has already invited the proposal for annual pre-qualification for the construction of 4-6 lanes of National Highways for these stretches. “The Process of Annual Pre-Qualification will not only streamline and ease the bid process of the individual project on BOT (Toll) mode but also give an idea about the market response,” a press release said. Certain modifications have also been made in the existing RFAQ to make it more industry-friendly.

The identified stretches cover about 950 km with a cost of about Rs 30,000 crore in the states of Andhra Pradesh, Haryana, Maharashtra, Karnataka, Tamil Nadu, West Bengal, Chhattisgarh and Madhya Pradesh.
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