Four Infrastructure Giants Compete for TOT Bundle 15
ROADS & HIGHWAYS

Four Infrastructure Giants Compete for TOT Bundle 15

IRB Infrastructure Developers, Epic Concessions, Adani Roads, and PATH (Prakash Asphalting & Toll Highways) have placed bids for the 124-km stretch of the four-lane Trichy-Tovrankurichi-Madurai section under the toll-operate-transfer (TOT) Bundle 15.

The National Highways Authority of India (NHAI), under the Ministry of Road Transport and Highways, will assess the technical bids first, followed by financial bid evaluations before finalizing the contract.

“The technical bids for TOT Bundle 15 were opened today. After assessment, we will review the financial bids in about a week or 10 days,” a senior official mentioned.

The contract is expected to be awarded by the first week of January, according to the official.

Under the TOT model, a private entity is granted the right to operate, maintain, and collect tolls on national highway assets for a period of 15-30 years, in exchange for a one-time concession fee paid to the government.

NHAI has identified 86 stretches, covering a total of approximately 4,912 km, for monetization.

Up until February, the Ministry of Road Transport and Highways had raised Rs 1 lakh crore through asset monetization, including Rs 42,334 crore via TOT, Rs 26,125 crore through infrastructure investment trusts, and Rs 42,000 crore via securitization.

IRB Infrastructure Developers, Epic Concessions, Adani Roads, and PATH (Prakash Asphalting & Toll Highways) have placed bids for the 124-km stretch of the four-lane Trichy-Tovrankurichi-Madurai section under the toll-operate-transfer (TOT) Bundle 15. The National Highways Authority of India (NHAI), under the Ministry of Road Transport and Highways, will assess the technical bids first, followed by financial bid evaluations before finalizing the contract. “The technical bids for TOT Bundle 15 were opened today. After assessment, we will review the financial bids in about a week or 10 days,” a senior official mentioned. The contract is expected to be awarded by the first week of January, according to the official. Under the TOT model, a private entity is granted the right to operate, maintain, and collect tolls on national highway assets for a period of 15-30 years, in exchange for a one-time concession fee paid to the government. NHAI has identified 86 stretches, covering a total of approximately 4,912 km, for monetization. Up until February, the Ministry of Road Transport and Highways had raised Rs 1 lakh crore through asset monetization, including Rs 42,334 crore via TOT, Rs 26,125 crore through infrastructure investment trusts, and Rs 42,000 crore via securitization.

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?