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NHAI seeks proposals to create project monetisation pipeline

NHAI has sought request for proposals for empanelment of agencies ‘for preparation/submission of report on inventory of highway assets'

Asset monetisation, National Highways Authority of India, Highway assets, Toll-operate-transfer, Haryana, Uttar Pradesh, Punjab, Detailed project reports, Bihar, Jharkhand, Tamil Nadu

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.

NHAI has already prepared detailed project reports (DPRs) for TOT bundles 4,5 and 6. It is calling experts to create an inventory of projects in the future. These TOT bundles will be offered in average stretches of 500 km.

NHAI had invited bids for TOT bundle 3 in June this year for a cumulative 566 km of highway stretches in Bihar, Jharkhand, Tamil Nadu and Uttar Pradesh with the floor price set at Rs 4,995 crore. The first round of TOT auctions got the government Rs 9,681 crore against the initial estimated concession value (IECV) of Rs 6,258 crore set by the government.

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