The Hindu Business Line : Govt lines up 10 highway projects worth Rs 45,000-cr

NEW DELHI: The government has lined up 10 mega highway projects, involving a whopping Rs 45,000 cr investments, besides fast-tracking some of them by inviting interested parties to submit their qualification documents. These 10 mega contracts, of around $1 billion each, would involve developing more than 4,800 km of modern highways spread over seven states. These projects would be awarded to private parties on a revenue-sharing basis, under which the developers pay a part of the toll earnings to the g overnment, said an official of National Highways Authority of India (NHAI).

“Since these are lucrative projects from the point of toll revenues, we would award them on revenue sharing basis,'' the official added. Sources have informed that the NHAI has already asked potential bidders to submit their initial 'request for qualifi cation'(RFQ) documents for two of these 10 projects, spread over Rajasthan, Gujarat and Andhra Pradesh. The RFQ for the Rs 4,284-cr project involving six-laning the 435-km-long Kishangarh (Rajasthan)-Ahmedabad section has already been issued. That apart , RFQ for the Rs 3,550-cr project for six-laning of the 436-km stretch between Ichapuram-Rajahmundry in Andhra Pradesh has also been issued. - PTI

Prev: Almond futures recover
Next: No plan to hike oil prices now, says Govt

Business Line | NUS Index |

Copyright copy; 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line