Highways cancelled from road monetisation to be on bidding table again

NHAI is yet to set a timeline for fresh rounds of auction since the announcement of dates for general elections is likely to happen any time

The highway stretches from the cancelled bundle of toll-operate-transfer (TOT) projects would be split and offered in the next two auctions. 

The second offering from the road monetisation projects was cancelled last month, as the bids received were lower than the estimated price of the contract. 

“Financing is not a problem as far as road monetisation projects is concerned,” said a senior road ministry official. But experts feel that not just the hybrid-annuity projects, even TOT contracts were facing lending issues and therefore, the bids submitted by the three companies - Cube Highways, Adani Infrastructure, and IRB Infrastructure Developers –