(ET)
Moving swiftly ahead on the government’s asset monetisation drive, the National Highways Authority of India has invited proposals from agencies to study and identify an inventory of road projects that can be monetised to meet its non-budgetary funding requirement over the next few years.
NHAI has sought request for proposals for empanelment of agencies ‘for preparation/submission of report on inventory of highway assets, assessing existing physical condition of the national highway stretches under consideration for award on toll-operate-transfer (TOT) model.
The government approved the TOT model in 2016 for monetisation of publicly-funded highways. Under this, investors make a one-time lump sum payment in exchange for long-term toll collection rights. The proposal from NHAI to establish an inventory of projects also identified around 600 km of stretches traversing through Haryana, Uttar Pradesh and Punjab that could be offered in a TOT bundle.
