India isues RFP for 24 road PPP projects

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India isues RFP for 24 road PPP projects

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The Government of India, through the National Highways Authority of India (NHAI), has recently launched the request for proposals (RFP) for several road projects.

The road will be developed on hybrid annuity basis (HAB), which is a mix of engineering, procurement and construction (EPC) and build-operate-transfer (BOT) formats, with the government and the private sector sharing the total project cost in the ratio of 40:60 respectively. The private partner continues to bear the construction and maintenance risks as in BOT projects but it is required only to partly bear financing risk. The developer is also insulated from revenue/traffic risk and the inflation risk

The main objective of the approval is to revive highway projects in the country by making one more mode of delivery of highway projects. By adopting the model, all major stakeholders in the PPP arrangement — the Authority, lender and the developer, concessionaire are expected to have an increased comfort level.

The development of the roads represents a total investment of approximately US$3 billion. The road projects are the following:

InfraPPP understands that only bidders previously qualified in the Annual Pre-qualification process for Public Private Partnership projects are eligible to participate in these tender processes. 

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