NHAI turns fortunes around with e-tendering

Forced to pay viability gap funding earlier, the highways authority will earn money now

yash

Yash Vardhan Shukla | March 30, 2012



The national highway authority of India will rake in money from tolls — something that have been a losing proposition for the highway authority so far. Through e-tendering, NHAI is set to get Rs 270 crore from two projects alone with ten others in its kitty. Earlier, it used to subsidise the expense of building a toll road and booth by 40 percent with the private partner forking out 60 percent. This was known as viability gap funding.

Now, with e-tendering, NHAI has reversed its fortunes with the Amravati-Jabalpur project and another toll road linking Gujarat border with Maharashtra border. this will be known a national highway 6.

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