NHAI encouraging private investors and lenders for BOT projects
01 Apr 2020
NHAI has taken several steps to rekindle the interest of private investors and lenders in build-operate-transfer (BOT) projects, shared Union Minister for Road Transport and Highways Nitin Gadkari, according to a PIB release.
These steps include:
- Policy of one-time fund infusion to complete projects
- Policy of deferment of premium for financially stressed projects not able to meet subsistence revenue requirements
- Policy of harmonious substitution for substitution of special purpose vehicle (SPV) in consultation with lenders and concessionaire subject to certain conditions.