Four major infrastructure building players including IRB Infra and Adani Road Transport Ltd, PNC Infratech and GR Infra, have participated and have evinced interest in two road projects in West Bengal to be built on the Build-Operate-Transfer model for which NHAI had invited bids. The projects are the six-laning of Panagarh to Palsit involves ₹2,200 crore investments and the 64-km long Palsit to Dankuni stretch will be built at an estimated cost of ₹2,373 crore. Under this model, private sector developers build a road using their own funds, operate it and transfer it to the government after a specified period. The NHAI announced changes to the model concession agreement for such projects, helping the authority garner a better response from the industry. The bids will be evaluated, and the qualified players will be eligible to participate in the financial bidding stage. The highways ministry has been working to revive BOT projects, for which the response from private investors has not been encouraging as investors have been wary of putting money in BOT projects.
📅Published on:
12 March 2021
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