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NHAI Floats 565.56 Cr. Tender for Bhaniyawala-Jollygrant-Rishikesh Section in Uttarakhand

National Highway Authority of India (NHAI) has invited bids for four laning / six laning of Bhaniyawala-Jollygrant-Rishikesh section of NH-07 in Uttarakhand. The estimated cost for this tender is Rs. 565.56 crore. The length of the said highway section is 19.780 Km.

This project will be executed under Hybrid Annuity Mode (HAM)* in Uttarakhand. Last date to submit bids for this tender is 30th June 2023.

*Hybrid Annuity Model (HAM) refers to a mode of Public-Private-Partnership (PPP) wherein the government and the private player share the project expenses in a 40:60 ratio respectively. After the private player develops the project, it is handed over to the government. The government pays a fixed annuity to the private player for a certain amount of time as defined in the contract.