NHAI defers of premiums payment for 9 road PPP projects

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
NHAI defers of premiums payment for 9 road PPP projects

The National Highways Authority of India (NHAI) board approved deferment of premiums for nine road projects executed under Public private partnership mechanisms.

The firms involved in the nine projects will be able to postpone payment of Rs 6.513 billion (US$110.7 million) in premiums, the amount offered by a developer to the Government to bag the right to develop, maintain and collect tolls from road users, to NHAI in 2013-14.

The projects total investment is estimated at Rs59.6 billion (US$1.01 billion). The nine PPP road projects are the following:

  • Godhara - Gujarat / Madhya Pradesh border. Developer: BSCPL. Total premium postponer is Rs 82.2 million.
  • Beawar - Pali - Pindwara.  Developer: L&T. Total premium postponer is Rs 1,704 million.
  • Samakhiyali - Gandhidham.  Developer: L&T. Total premium postponer is Rs 243.8 million.
  • Hyderabad - Yadgiri. Developer: Sadbhav Engineering. Total premium postponer is Rs 129 million.
  • Ahmedabad - Vadodara. Developer: IRB Infrastructure. Total premium postponer is Rs 2,367.1 million.
  • Tumkur - Chitradurga. Developer: IRB Infrastructure. Total premium postponer is Rs 814.5 million.
  • Indore - Dewas. Developer: Gayatri-DLF. Total premium postponer is Rs 292.9 million.
  • Hosur - Krishangiri. Developer: Reliance Infra. Total premium postponer is Rs 407 million.

Developers can defer premium payment only if they do not collect enough toll revenue in a year to pay for it after servicing debt and operations and maintenance costs. While allowing the deferment, the NHAI has made it mandatory for a developer to share toll-collection data with it on a real-time basis.

List of country news

Country news

  • May 30, 2014

    Odisha signs waste PPP project

    The Housing and Urban Development department of the Odisha government has signed the waste PPP project for the treatment and disposal of municipal solid waste generated from the twin cities of Bhubaneswar and Cuttack in India. Read more
  • June 02, 2014

    Kochi Corporation launches waste PPP tender

    The Kochi Corporation has launched a request for qualification (RFQ) for the PPP project to develop a new waste treatment plant at Brahmapuram, in the state of Kerala, India. Read more
  • June 03, 2014

    Ashoka and L&T start full operations of Maharashtra road PPP

    Ashoka Buildcon announced that full operations of Pimpalgaon-Nasik-Gonde Road PPP project of National Highways Authority of India (NHAI), has been started from 23 May 2014. Read more
  • June 05, 2014

    Transaction advisor sought for Indian port project

    Mormugao Port Trust (MPT) has launched a request for proposals (RFP) for financial consultants and transaction advisors for the development of a multipurpose cargo terminal at the port in Goa, West India. Read more
  • June 06, 2014

    NHAI creates online platform for road PPP projects

    National Highway Authority of India (NHAI) will put all information related to private public partnership (PPP) projects signed by them in an online platform to ensure transparency. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.