PRIVATE DEVELOPERS QUEUE UP FOR HIGHWAY PROJECTS

Government's intent to push national highway projects seems to be finding good response with private road developers queuing up to submit bids. Of the bids invited recently for 35 road projects worth Rs 39,000 crore, 25 received enthusiastic response so far in the technical bidding stage (RFQ). According to NHAI officials, the response this time has been much better in comparison to the last spell of bidding for 60 projects. Then, only 13 projects had found takers in the financial bidding stage. Officials claimed that change of guard in the ministry, feel-good factor of the UPA's second innings besides the slowdown in realty sector and recent amendments in the Model Concession Agreement (MCA) have encouraged the bidders' participation.

Courtesy: - ET dt: - 10-07-09

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