NEW DELHI: In a big boost to government’s asset monetisation programme, Sydney-headquartered Macquarie group has won the Toll Operate Transfer (TOT) bid of nine national highways with a total length of just under 700 km. The company has placed the bid of Rs 9,681 crore as against government’s expectations of Rs 6,258 crore. The government expects to raise around Rs 2 lakh crore through TOT in next five years. to ensure that concessionaires are not exposed to undue risks,” Singh said.In 2016, Cabinet Committee on Economic Affairs authorised NHAI to monetise public-funded highway projects. Seventy-five operational highway projects completed under public funding were identified for potential monetisation using the TOT model.

Source: Economic Times February 28, 2018 17:15 UTC