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ARTICLE · 13 JANUARY 2020

Amending The TOT Model

The made certain amendments to the National Highways Authority of India's Toll Operate Transfer model by an amendment dated November 20, 2019, with a view to bring in more participation from private investors.

IndiaGovernment, Public Sector

The Cabinet Committee of Economic Affairs ("CCEA") made certain amendments to the National Highways Authority of India's ("NHAI's") Toll Operate Transfer ("TOT") model by an amendment dated November 20, 2019 ("Amendment"), with a view to bring in more participation from private investors. The Amendment allows projects backed and funded by the government on an engineering, procurement and construction ("EPC") and build operate transfer ("BOT") basis and which have been operational for more than a year, to be monetized through the TOT model. Earlier such monetization on TOT basis was available to NHAI for projects that had been operational for at least two years. The monetisation of the highway using the TOT model will be subject to approval of the competent authority in the Ministry of Road Transport and Highways or NHAI on a case to case basis.

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