Lok Sabha Question No. 3814 (UNSTARRED), answered on 2023-03-23
Subject: Projects Developed under TOT Mode
Ministry: ROAD TRANSPORT AND HIGHWAYS
Asked by: Dulal Chandra Goswami

## GOVERNMENT OF INDIA MINISTRY OF ROAD TRANSPORT AND HIGHWAYS

LOK SABHA UNSTARRED QUESTION NO. 3814

ANSWERED ON 23 RD  MARCH, 2023

## PROJECTS DEVELOPED UNDER TOT MODE

3814. SHRI DULAL CHANDRA GOSWAMI:

Will the Minister of ROAD TRANSPORT AND HIGHWAYS सड़क परिवहन औि िाजमार्ग मंत्री

be pleased to state:

- (a) whether the Government had invited bids for the development of National  Highway  projects  under  Toll  Operate  and  Transfer  (TOT) mode and if so, the details thereof;
- (b) the details of the projects completed under TOT mode during the last three years and the current year;
- (c) the profits earned and the achievements made under TOT mode;
- (d) whether the Government proposes to launch second phase under TOT mode in near future and if so, the details thereof along with the projects identified for the purpose; and
- (e) the profits likely to be earned as a result thereof?

## ANSWER

THE MINISTER OF ROAD TRANSPORT AND HIGHWAYS

(SHRI NITIN JAIRAM GADKARI)

- (a)  Yes Sir.  The details of bids invited under TOT Bundles for Asset Monetisation are placed at Annexure.

(b)  to  (c)  Till  date,  22  stretches  (1,614  km)  have  been  monetised through TOT mode in six Bundles (1, 3, 5A1, 5A2, 7 & 9), for Rs. 26,365 crore, out of which Rs.3,144 crore (TOT-9), is likely to be realized by March,  2023.  The  concession  value  of  the  various  TOT  bundles monetised during the last three years and the current year is placed at Annexure.

(d) to (e) NHAI has already invited Bids for two more TOT Bundles, Bundle  11  (Allahabad  Bypass  Project-84.708  Km)  and  Bundle  12 (Lalitpur-Lakhnadon  -316.084  km)  in  January  2023  [Bid  due  date: 10.03.2023, which is now extended to 27.03.2023].

In addition, 30 stretches of length 1,987 km have been identified for monetisation during FY24 on TOT/InvIT/Securitisation mode. A list of these  30  stretches  has  been  published  on  NHAI  website  so  as  to enable the investors to carry out their due diligence.  The priority and mode of monetization shall be decided on the basis of project viability and market appetite.

Budgetary target of Rs. 10,000 crore has been envisaged for FY24 for Asset Monetisation of Road Sector under Toll Operate and Transfer (TOT) mode.

ANNEXURE

ANNEXURE REFERRED TO IN REPLY TO PARTS (A) TO (C) OF LOK SABHA UNSTARRED  QUESTION  NO.  3814 ON  23RD  MARCH,  2023 ASKED BY SHRI DULAL CHANDRA GOSWAMI REGARDING 'PROJECTS DEVELOPED UNDER TOT MODE"

The details of TOT Bundles bid out so far:

| TOT Bundle   | Length (in km)   | Bidders                                                                                                                          | Selected Bidder and Bid Concession Fee Remarks   |
|--------------|------------------|----------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------|
| 1            | 680.60           | Macquarie-Ashoka, Brookfield Asset Management, IRB Infrastructure, ROADIS - NIF Consortium Macquarie- Ashoka- 9681 (Realized 19) | Rs. Cr in FY Operational                         |
| 2            | 586.556Cube      | Highways, Adani, IRB Infrastructure                                                                                              | Annulled                                         |
| 3            | 566.27           | Cube Mobility Investments, IRB Infrastructure NIIF Cube Mobility Investments- Rs. 5011 (Realized in 21)                          | Cr. FY Operational                               |
| 4            | 335.728Due       | date was scheduled to be 30 September, 2020.                                                                                     | Withdrawn                                        |
| 5A1          | 53.60            | Adani, D P Jain, Cube, PATH, Indian Highways Concessions Trust Adani - 1011 (Realized 22)                                        | Rs. cr. in FY Operational                        |
| 5A2          | 105.90           | Adani, D P Jain, Cube, PATH, Indian Highways Concessions Trust D P Jain 1251 (Realized 23)                                       | - Rs. cr. in FY Operational                      |
| 6            | 108.10           | Adani, PNC, OSE, PATH, IRB, Indian Highways                                                                                      | Bids rejected. Monetized under InvIT Phase-II.   |

|    |         | Concessions Trust, Sekura                                                                                                                                                                                                                                     |
|----|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  7 | 135     | Adani, PNC, Cube, PATH, IRB, Indian Highways Concessions Trust Indian Highways Concessions Trust Rs. 6267.10 cr. (Realized in FY Operational                                                                                                                  |
|  8 | 139     | Adani, PATH, D.P.Jain, Cube Bids rejected. Monetized under InvIT Phase-II                                                                                                                                                                                     |
|  9 |  72.644 | Adani, PNC, NIIF, IRB, Cube, PATH, Highways Infrastructure Trust NIIF is the H-1 bidder- Rs. 3011 cr. (Revised- Rs. 3,144 crore after negotiation). LOA issued on 24.01.2023 as per approval of NHAI Board. Concession Fee likely to be realized by March.23. |
| 10 | 125.38  | Adani, PNC Oriental, IRB, Sekura Bids rejected. Taken up under InvIT Phase-III.                                                                                                                                                                               |

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