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| Asset monetisation plan: NHAI expects to earn Rs 5,000 crore by giving roads on lease | Writer | Admin | |||
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In a bid to put the government's asset monetisation plan on fast track, the govt has decided to offer 550 km of roads to private firms to operate and collect toll charges. The National Highways Authority of India (NHAI) will invite bids for the roads under the toll-operate-transfer (TOT) plan in Tamil Nadu, Uttar Pradesh, Bihar and Jharkhand next month, expecting to fetch about Rs 5,000 crore. "Details of the third round of auctions are expected to be finalised soon and bids will be invited in a month. The Modi government introduced the TOT model in 2016 to monetise publicly funded highways. Under the programme, the long-term toll collection rights are sold to investors in return for one-time lump sum payment. |
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