NHAI Identifies Highway Projects To Be Built Under Public-Private Partnership Model
NHAI has identified 950 km of highway projects that will be built at Rs 30,000 crore under the public-private partnership model.
The National Highways Authority of India has identified 950 km of highway projects that will be built at a cost of Rs 30,000 crore under the public-private partnership model, the government said on Thursday.
The highway projects are spread across eight states.
NHAI has identified various stretches on a pan-India basis to be constructed through the PPP mode on the build-operate-transfer (toll) basis, the Ministry of Road Transport and Highways said in a statement. These stretches have been selected on the basis of consultation with the prospective bidders.
"The identified stretches cover about 950 km with a cost of about Rs 30,000 crore in Andhra Pradesh, Haryana, Maharashtra, Karnataka, Tamil Nadu, West Bengal, Chhattisgarh and Madhya Pradesh," the statement said.
NHAI has already invited the proposal for annual pre-qualification for construction of four or six lanes of national highways for these stretches, it said.
The process of annual pre-qualification will not only streamline and ease bid process of individual projects on the BOT model but also give an idea about the market response, it added.