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Construction : What's up | December 2018 | Source : Equipment India

NHAI to get Rs 100 billion for TOT highways

Highway projects under the toll-operate-transfer (TOT) model are expected to get the second tranche to fetch over Rs 100 billion, according to Union Minister for Roads and Highways, Nitin Gadkari. The maiden bundle of nine highway projects under TOT was a huge success, which was over subscribed and had fetched NHAI Rs 96.81 billion. Under TOT, the concession period is of 30 years. The second tranche is spread over four states.

 
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