NHAI downsizes toll-operate-transfer-4 bid by Rs 2,000 Cr

The authority has now downsized the package, reducing the initial estimated concession value (IECV)—the base price of the bid—to Rs 2,165 crore. The concession period of the bundle has now been reduced to 20 years. “We have reduced the size of TOT-4 since we are trying to test smaller bundles,” a government official told ET. Bids for TOT-4 are due in February.

from Economy-News-Economic Times https://ift.tt/2sFAicH