NHAI invites bid for second bundle under TOT scheme
August 09, 2018
The National Highways Authority of India (NHAI) has recently released second bundle under the highways’ toll-operate-transfer (TOT) scheme to monetise 586.55 kilometers of national highways.
The authority has selected eight stretches of national highways across states of Rajasthan, Gujarat, West Bengal and Bihar to put on auction. NHAI will accept bids until November 5 for the selected highways.
TOT is a mechanism adopted by NHAI where the authority auctions operational assets. The highest bidder has to deposit the money (bid amount) upfront with NHAI and the authority uses this capital to invest in construction of newer highways. Against the money, the bidder acquires the right to operate and maintain the highways via toll collection, the Moneycontrol.com reported.