Government approves ownership change for BOT toll projects after one year of operations
News: The road transport and highway ministry has approved changes in the model concession agreement (MCA) for toll projects under the BOT mode to allow transfer of ownership after one year of commercial operations. Earlier, the change of ownership was allowed two years after the beginning of the operation of such projects
Views: Awarding via BOT-toll model by MoRTH has been subdued over the past few years. Nevertheless, transfer of ownership after one year of commercial operations is likely to help companies looking to monetise their BOT-toll projects quicker
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