Road projects worth Rs. 25,000cr up for grab

The newly-approved Hybrid Annuity Model (HAM) for road projects has seen an increased interest with about 9 to 12 road developers bidding for each of the five projects for which the bids were submitted. As a matter of fact, about 17 HAM projects of about Rs.17,752-cr are likely to come up for bidding by 31 May and seven BOT-toll (Build, Operate and Transfer) projects of about Rs.6,970-cr are also likely to be bid for in the short term. Projects worth Rs. 25,000-cr are up for bidding in hybrid annuity and BOT model in the next few months, according to Prabhudas Lilladher estimates. Likewise, managing director, IL&FS Transportation Networks, K. Ramchand, expects the hybrid annuity model to take off in a big way once the lenders start understanding how the model works.

Meanwhile, the bidders for the five road projects announced on hybrid annuity model in April include, Sadbhav Infrastructure Projects Ltd, Ashoka Buildcon Ltd, MBL Infrastructures Ltd, MEP Infrastructure Developers Ltd, Backbone Enterprises Ltd, IL&FS Transportation Networks Ltd, Oriental Structural Engineers Pvt. Ltd, GR Infraprojects Ltd, Tata Realty & Infrastructure Ltd, and Atlanta Ltd. Of the five projects, one was the six-lane Greenfield Proposed Udaipur bypass Package-IV of Kishangarh-Udaipur-Ahmedabad stretch in Rajasthan and the other four are in Gujarat—four-laning of Talaja-Mahuva section (package-II) and also the four-laning of Mahuva to Kagavadar (package-III). Apart from this, four laning of Kagavadar-Una section (package-IV), and four-laning of Una to Kodinar (package-V) is also up for grab.