Centre planning to further sweeten contract terms for TOT investors

The road developer will be tasked with the operation, maintenance and management of the contract

Topics
Road Monetisation | NHAI

Megha Manchanda  |  New Delhi 

The Union government is planning to further sweeten contract terms for toll-operate-transfer (TOT) investors because it wants to devise a mechanism that would allow developers to have the first right, along with that of the lenders, to funds in the case of default. Besides, it wants to offer a TOT project in two packages of toll operatorship and anchor investment.

The move is expected to attract international investors. The road developer will be tasked with the operation, maintenance and management of the contract. “A global pension fund or any other investment can ...

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First Published: Sat, September 26 2020. 06:06 IST
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