NHAI extends deadline for bids for 3rd tranche of highways under TOT: Chairman

The NHAI, which is eying an estimated ₹4,995 crore from monetisation of third bundle of highway assets, has extended the deadline for receiving bids by a month on demand from investors, its Chairman NN Sinha said on Friday. He said the fourth bundle of projects to be monetised is The National Highways Authority of India had invited bids for the third tranche on June 13 with bid due date of September 11 having an Initial Estimated Concession Value of ₹4,995.48 crore. The NHAI chairman also said four financial bids have been received for Z-Morh tunnel project in Jammu & Kashmir. The National Highways and Infrastructure Development Corporation has earlier foreclosed concession agreement for Z-Morh tunnel project and fresh tenders were invited with August 1, 2019 as the last date for submission of bids. Earlier, addressing the conference on "Contracting Trends & Technology in Underground Construction", Sinha said there are over 1,000 tunnels in India with an estimated length of 2,800 km including 2000 km completed tunnel projects.