27 investors evince interest in new bundle of TOT project offered by NHAI

Nine highway stretches of 566.27 km in the states of Uttar Pradesh, Bihar, Jharkhand and Tamil Nadu are on offer in the third bundle

As many as 27 investors have shown interest in the new bundle of toll-operate-transfer (TOT) project that has been offered by the National Highways Authority of India (NHAI). The authority is targeting Rs 4,995 crore from monetisation of the third tranche of 566 km of highways under the TOT model. 

More such contracts are expected to follow as the authority expects greater appetite for such projects. The first bundle had fetched NHAI Rs 9,682 crore. The bids for the third bundle were invited on June 13 this year, and the last date for the submission of bids is September 11.

Nine highway