Question : Financial Closure of Road Project

(a) whether the number of highway/road projects have reached financial closure during the last three years;

(b) if so, the details thereof along with the reasons therefor, State-wise;

(c) the details of type of modes of delivery currently in use for implementing the Highway Projects; and

(d) the steps taken by the Government in this regard?

Answer given by the minister

THE MINISTER OF STATE IN THE
MINISTRY OF ROAD TRANSPORT AND HIGHWAYS

(SHRI PON. RADHAKRISHNAN)

(a) to (b) 27 BOT projects of National Highways Authority of India (NHAI) have reached financial closure during the last three years. A list of these projects is placed at Annexure.

(c) to (d) Modes of delivery for implementing National Highway (NH) projects are Build Operate Transfer (BOT) (Toll), BOT (Annuity), Hybrid Annuity and Engineering Procurement and Construction (EPC). BOT(Toll) remains the default mode of delivery subject to project viability on case to case basis. To fast-track the implementation of Highways projects, Government has taken several steps include emphasis on better project preparation including land acquisition, undertaking major policy initiatives and simplification of procedure for project appraisal, exit policy for concessionaires, amicable settlement of disputes, addressing issues pertaining to languishing projects, extensive coordination with line Ministries/Departments, promoting innovative project implementation through Hybrid Annuity Model etc.

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