(a) whether the Government proposes to auction capital intensive expressways to franchises after they have been built; and
(b) if so, the details thereof?
(a) whether the Government proposes to auction capital intensive expressways to franchises after they have been built; and
(b) if so, the details thereof?
THE MINISTER OF STATE IN THE
MINISTRY OF ROAD TRANSPORT AND HIGHWAYS
(SHRI PON. RADHAKRISHNAN)
(a) and (b) Government has approved a policy for monetization of public funded National Highway projects which are operational and are collecting toll for at least two years after the COD (commercial operation date) on a case to case basis, through Toll Operate Transfer (TOT) model. In TOT Model, toll fees would be collected by the TOT concessionaire and project O&M (Operation & Maintenance) is concessionaire’s responsibility for a concession period of 30 years. The upfront payment by the concessionaire of a lump-sum amount will go to the Consolidated Fund of India and shall be ring-fenced for utilization via a mechanism similar to the toll plough back.
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