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TollOperateTransfer

NHAI to Soon Auction National Highways

 The development of highways connecting various places in India is being carried out in a fast-track mode. The Highway Project of India is being taken care of by the National Highway Authority of India (NHAI), a nodal agency of the Ministry of Road Transport and Highways.

 Under the Asset Monetisation Program, NHAI has finalized 4 packages or phases in which the National Highways under the Toll-Operate-Transfer (TOT) Model will be auctioned off. Deloitte Touche Tohmatsu India LLP, a globally renowned firm managing audit, consulting, financial advisory, risk advisory, tax and related services, has been hired to develop, work out and periodically update the Financing Plan for NHAI. The firm has estimated a potential increase in the bidding patterns of interested investors for the auctioning of the National Highways. The TOT model consists of the auctioning of 75 highway models, 31 of which will be covered once all the 4 packages have been auctioned.

 Package I, whose auction was finali

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Small Developers the Biggest Beneficiaries in NHAI’s Contract Awarding Spree

The National Highways Authority of India’s (NHAI) recording breaking financial year of 2017-18 saw them award almost half of all road construction projects to the small developers, according to the compiled NHAI data report by investment bank Equirus Securities. The biggest contract winners were large scale companies such as IRB Infrastructure Developers Ltd (Rs 8,900 crore), Dilip Buildcon Ltd (Rs 18,770 crore) and Ashoka Buildcon Ltd (Rs 5,500 crore). However, various other small developers including JKumar Infraprojects Ltd, Gammon India Ltd, Madhucon Projects Ltd and ample other joint ventures by PNC Infratech Ltd and Monte Carlo Ltd swept up 48% from the entire bidding in the financial year.

According to the report by Equirus Securities, contracts under Rs 200 crore had participation from 10-15 bidders while projects over Rs 200 crore saw the numbers fall to 60-10. Apart from bestowing contracts to small organisations, the government also introduced the hybrid annuity model (HAM)

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