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The National Highways Authority of India (NHAI) has got an approval to invite financial bids for developing highway projects worth Rs 10,963.39 crore. The qualifying bid process for these projects is already over.
The inter-Ministerial committee — Public Private Partnership Appraisal Committee (PPPAC) — has given an approval for eight highway projects with an estimated cost of Rs 10,963.39 crore for a total length of 907 km.
The Highways Ministry plans to award these projects on PPP basis before the end of the fiscal year after taking the Cabinet's approval, informed the Highways Ministry in a note. Of the six proposals approved, five are on build-operate-transfer (toll) and one is on BOT (annuity).
This also includes the much awaited Eastern Peripheral Expressway, which will ease traffic in Delhi.
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