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The bidding process is good for small, medium and large players

The bidding process is good for small, medium and large players

Banks’ new stipulation of 100 per cent land availability for highway projects, along with poor response from bidders and financial closure difficulties among concessionaires, have hampered the awards and implementation, says JN Singh, Member—Finance, NHAI, in an interview with Sumantra Das. Major reason behind this is the poor responses from the concessionaires and in some of our bids (about 7-8) we haven’t even find any bidder. Secondly, banks also are asking our 100 per cent land availability

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New scheme to lure cos to highway projects

New scheme to lure cos to highway projects

The government has drawn up a new scheme of ultra mega road projects (UMRPs), where firms will have the right to develop real estate alongside the stretches. This is to boost the viability of road products without adding to fiscal stress and attract big corporations into the sector. Each UMRP will be marked for its sheer size - Rs 20,000 crore each - and the resultant gain on cost efficiency.

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