Ensuring sufficient flow of funds to its on-going and upcoming road projects, the National Highways Authority of India (NHAI) has floated tenders inviting bids to monetize its road assets of Rs 50,000cr. The nodal road building authority expects to lease out around 6,000 km of national highways to private players through the auction route starting next month. Around 50 national highways would be leased out in the next month, mostly for toll collection and maintenance in lieu of the upfront payment to the road authority, Chairman, National Highways Authority of India, Raghav Chandra said, adding that the growing appetite for NHAI's latest move has the potential to kick-start stalled projects in the highways sector. Since most of these highways are currently under constructed, it is just about maintenance, which private players feel comfortable working around with. What could sustain the momentum is the ministry of road transport and highways' ambitious target of adding 50,000 km of national highways over the next five years, said partner and leader of real estate and infrastructure, at advisory auditing and business consultancy firm EY, Gaurav Karnik.
📅Published on:
02 October 2016
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
