NHAI to offer Rs.440 billion worth of BOT road projects in FY25
ROADS & HIGHWAYS

NHAI to offer Rs.440 billion worth of BOT road projects in FY25

The National Highways Authority of India (NHAI) plans to offer 15 road projects worth Rs.440 billion, covering 900 km, for bids under the build-operatetransfer (BOT) mode in FY25.

If successful, this could mark the comeback of public-privatepartnership projects in highways. The government earlier this year amended the model concession agreement to make it attractive for the private sector to invest in road construction.

The 15 projects for this fiscal year are a part of the government’s plan to offer 53 projects worth over Rs.2.2 trillion, covering route length of 5,200 km, under BOT mode over the next three to five years.

There is a lot of traction for BOT projects following the amendments to the model concession agreement and the ministry will capitalise on this.

Under the BOT mode, the successful bidder constructs, operates and maintains the awarded highway, recovering the investment through toll rights for a specific period. Of 176 projects awarded in 2023- 24, only one project was on BOT mode while all the others were awarded on engineering, procurement and construction basis (EPC) or the hybrid annuity model

The National Highways Authority of India (NHAI) plans to offer 15 road projects worth Rs.440 billion, covering 900 km, for bids under the build-operatetransfer (BOT) mode in FY25.If successful, this could mark the comeback of public-privatepartnership projects in highways. The government earlier this year amended the model concession agreement to make it attractive for the private sector to invest in road construction.The 15 projects for this fiscal year are a part of the government’s plan to offer 53 projects worth over Rs.2.2 trillion, covering route length of 5,200 km, under BOT mode over the next three to five years.There is a lot of traction for BOT projects following the amendments to the model concession agreement and the ministry will capitalise on this.Under the BOT mode, the successful bidder constructs, operates and maintains the awarded highway, recovering the investment through toll rights for a specific period. Of 176 projects awarded in 2023- 24, only one project was on BOT mode while all the others were awarded on engineering, procurement and construction basis (EPC) or the hybrid annuity model

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000