NHAI Invites Bids for Rs. 1,027 Crore Four Laning Project in Bihar
National Highways Authority of India (NHAI) has floated a tender for four-laning of the highway connecting Siwan to Mashrakh in Bihar. The estimated cost of this project has been pegged at Rs. 1,027.32 crore.
This project entails construction and upgradation of the 45.906 Km section of NH-227A from Siwan to Mashrakh. It also includes a 4.217 Km long section of the Tanrwa/Siwan bypass on NH-531. NHAI will be accepting bids for developing this project in Hybrid Annuity Mode (HAM)*.
The final date for submission of bids is 24th August 2022.
*HAM is a type of Public-Private-Partnership (PPP) in which the government and the private player share the cost of project development in a 40:60 ratio respectively. On completion, the project is handed over to the government, and the responsibility for collection of toll rests with the government. The government pays a fixed annuity to the private player for a period specified in the contract post completion of the project.