The maiden bundle of nine highway projects under TOT was a huge success, which was over subscribed and had fetched NHAI Rs 9,681 crore. We are positive that the second round will also get a similar response. I personally expect it to fetch Rs 10,000 crore, more than what we got for the first tranche,” Gadkari told reporters.
The minister was in the megapolis here to attend the road show organised by the ministry and NHAI to attract investors for the second tranche of highway projects of 586 km under toll-operate-transfer (TOT) basis.
TOT is a model for monetising operational national highways projects, where investors make a lump sum payment in return for long-term toll collection rights backed by a sound tolling system
Under TOT, the concession period is of 30 years. The first TOT bundle of nine projects, totalling around 681 km of roads in Andhra Pradesh and Gujarat, was awarded to Australia’s Macqua. The second tranche is spread over four states including Rajasthan, Gujarat, West Bengal and Bihar. The offer has 12 toll plazas across four highways.
These stretches include Chittorgarh-Kota and Chittorgarh Bypass, Swaroopganj-Pindwara and Pindwara-Udaipur, Palanpur/Khemana-Abu Road, Jetpur-Somnath, Purnia-Dalkhola, Dalkhola-Islampur, Islampur-Sonapur-Ghoshpukur and Salsalabari-West Bengal Assam Border Section