The Ministry of Road Transport and Highways (MoRTH) has allowed big funds and large investors to bid for build-operate-transfer (BOT) projects after some projects failed to attract private investments due to concerns over contract terms.
Earlier, big funds were allowed to bid only for toll, operate and transfer (TOT) projects.
The ministry has allowed sovereign wealth funds, infrastructure funds and pension funds, and private equity to bid for BOT projects under the public-private-partnership (PPP) model.
In a modified request for proposal (RFP) document, MoRTH has relaxed norms for investments in such projects.
The ministry came out with the modified framework after four highway projects worth Rs 22,000 crore failed to attract bids from private companies under the BOT model due to concerns over contract terms.
National Highways are developed under different modes of execution, including BOT or toll, BOT (annuity), Engineering, Procurement and Construction (EPC), InvIT and Hybrid​The Ministry of Road Transport and Highways (MoRTH) has allowed big funds and large investors to bid for build-operate-transfer (BOT) projects after some projects failed to attract private investments due to concerns over contract terms.
Earlier, big funds were allowed to bid only for toll, operate and transfer (TOT) projects.
The ministry has allowed sovereign wealth funds, infrastructure funds and pension funds, and private equity to bid for BOT projects under the public-private-partnership (PPP) model.
In a modified request for proposal (RFP) document, MoRTH has relaxed norms for investments in such projects.
The ministry came out with the modified framework after four highway projects worth Rs 22,000 crore failed to attract bids from private companies under the BOT model due to concerns over contract terms.
National Highways are developed under different modes of execution, including BOT or toll, BOT (annuity), Engineering, Procurement and Construction (EPC), InvIT and Hybrid ​Latest News [ SOBAN NEWS: International and National ]
