Google search engine
HomeBusinessgujarat: 3 Gujarat highway stretches may be lined up for sale...

gujarat: 3 Gujarat highway stretches may be lined up for sale – Times of India

NEW DELHI: The authorities may look so as to add three highway stretches from Gujarat to the asset monetisation pipeline after they have been handed again to the (*3*)National Highways Authority of India after finish of the 15-yr concession interval.
The Centre’s goal to mop up Rs 45,000 crore from monetisation of highway initiatives is predicted to get a lift in the course of the subsequent monetary yr because the roads are excessive toll earners, sources informed TOI.
The three initiatives in Gujarat, with a cumulative size of 377 km, can be monetised to generate Rs 18,000-20,000 crore, the sources mentioned.
The present toll income of these six-laned highway initiatives — Vadodara-Baruch, Baruch-Surat and Surat-Dahisar — is round Rs 1,700 crore. The NHAI has been monetising initiatives for 20 years to get upfront fee from profitable bidders. These have been among the many first few initiatives, which have been bid out by the NHAI beneath the construct, function and switch (BOT-Toll) mannequin of public-personal-partnership (PPP). The first stretch had gone to Larsen & Toubro (L&T) and it had made upfront one-time fee of round Rs 475 crore and the opposite two initiatives have been bagged by the IRB — one with fee and one other on income-sharing mannequin.
“We have amicably completed the process of getting back the projects with no claims or counterclaims. This is also a successful example of how BOT-Toll projects can be managed well, protecting interests of the government agency and private players. These are completed operational projects and the tolling has stabilised over years,” mentioned an official.
He added that that is additionally the primary case the place a complete hall will be again to NHAI on the finish of the stipulated concession (contract) interval after settling all points amicably.

Source hyperlink



Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments

English हिन्दी
%d bloggers like this: