TOT

Road Ministry to construct 12,500 km of highways in FY24: Official

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Road Ministry to construct 12,500 km of highways in FY24: Official

The Ministry of Road Transport and Highways (MoRTH) has put plans in place to maintain the pace of highway development and construct 12,500 km of highways in the current financial year, a senior official on Wednesday said. Alka Upadhyaya, Secretary, MoRTH, said Rs 10,000 crore is planned to be raised through Infrastructure Investment Trusts (InvITs) … Read more

NHAI withdraws TOT-4 as it tests recent policy changes for monetising road assets

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NHAI withdraws TOT-4 as it tests recent policy changes for monetising road assets

The National Highways Authority of India (NHAI) has withdrawn its fourth bundle of roads it had offered for monetisation at Rs 2,200 crore under Toll-operate-transfer (TOT), as it tests new models for its asset monetisation programme to take off. Bids for TOT-4 were invited in November 2019, with a concession value of Rs 4,200 crore, … Read more