 "The construction cost for developers has gone down with projects being completed within the timeframe, a source said")
A joint venture of Macquarie and Ashoka Buildcon has emerged the highest bidder for the Centre’s first batch of toll-operate-transfer (TOT) projects.
The venture bid Rs 96.8 billion for the National Highways Authority of India (NHAI) project.
With this, the bidding process has been completed for the first round of monetisation of public-funded national highway projects under the TOT model, said Rohit Singh, member-finance, NHAI. The first batch had nine projects.
The company’s bid was 1.5 times higher than the base price of Rs 62.6 billion. “The base price is a tentative price set by the NHAI. It is a reasonable price,
