The National Highways Authority of India (NHAI) is likely to invite fresh bids for 38 highways projects out of 60 under the National Highways Development Project which could not attract bidders despite repeated attempts.

Now, NHAI is planning to restructure these projects in order to make them attractive for bidders. Post restructuring, these projects are expected to entail an investment in the range of Rs 45,000 - 50,000 crore. Under the restructuring plan, NHAI is likely to convert original six-lane to four-lane wherever necessary while dropping plans to build some flyovers, overbridges and service roads.

The award of tenders for 60 expressway projects on BOT basis was expected to be completed in 2008 but these projects failed to attract bidders despite of repeated extension of bidding deadlines. The outlay for the projects was kept at Rs 70,000 crore.

Also See:

NHAI seek EC nod to carry on tendering process (14-Mar-09)