New projects worth $45 billion under National Highways Development Programme discussed.
- A group of investors from the US expressed interest in investing in the highways sector in India.
- Investments opportunities to the tune of Rs 60,000-70,000 crore for maintaining completed highways & new projects, estimated at $45 billion under the National Highways Development Programme.
- The investors were keen on operations contracts for completed stretches of public-funded highways on the TOT (toll-operate-transfer) basis.
- It would help the government mobilise additional resources for new highways across the country.
- Under the TOT model, completed stretches of highways by the National Highways Authority of India (NHAI) or a concessionaire will be bid out to the private sector for a concession period of 30 yrs.
- A big push in the roads sector is key to the govt’s infrastructure focus, wherein it has target to award highway projects worth Rs 3.5 lakh crore.