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ARTICLE · 13 AUGUST 2024

JSA Newsletter | Highways & Logistics | April 2024

JSA Advocates & Solicitors
JSA Advocates & Solicitors
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JSA Advocates & Solicitors

JSA Advocates & Solicitors

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This JSA Highways & Logistics Newsletter focuses on key developments undertaken in the Indian roadways and logistics sector between January – March 2024.

IndiaGovernment, Public Sector
Vishnu Sudarsan
Vishnu Sudarsan
Ashish Suman
Ashish Suman
Kartikeya G.S.
Kartikeya G.S.
Ayan Sinha
Ayan Sinha
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This JSA Highways & Logistics Newsletter focuses on key developments undertaken in the Indian roadways and logistics sector between January – March 2024.

MoRTH notifies amendments to the model concession agreement for TOT projects

The Ministry of Road Transport and Highways ("MoRTH"), on March 15, 2024, announced amendments to the model concession agreement for Tolling Operation Transfer ("TOT") projects. The summary of the amendments carried are as follows:

  1. In terms of the provision dealing with variations in toll collection at various target points i.e., specific points of time during the concession period where the actual fee collection is benchmarked with the targeted fee collection, Target Point 2 has been revised from 2037 to 2035. Additionally, a new target point i.e., Target Point 3 is introduced in the model concession agreement.

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