National Highways Authority of India (NHAI) is looking to raise around Rs 5,000 crore as it has floated a global bid for the third bundle of Toll-Operate-Transfer (TOT). Starting Thursday, the bids have been invited by the national highways developing, operating and maintaining agency. Under NHAI's TOT model, road assets are monetised by way of investors making one-time lumpsum payment in return for long-term toll collection rights. NHAI "has decided to undertake Tolling, Operations and Maintenance of the 'National Highways' project bundle through Public Private Partnership on Toll, Operate and Transfer basis..." read the bid document. In February 2018, the maiden TOT bid had helped NHAI raise Rs 9,681 crore, about 55% more than the reserve price of Rs 6,258 crore.

Source: dna June 13, 2019 23:37 UTC