MoRTH approves ownership for BOT toll projects to one year after COD

26 May 2022 CW Team

The Ministry of Road Transport and Highways (MoRTH) has approved changes to the Model Concession Agreement (MCA) for Build-Operate-Transfer (BOT-toll) projects, allowing for the change of ownership from the existing two years to one year after the Commercial Operation Date (COD).

Previously, the change of ownership of such companies was permitted two years following the start of operations.

According to the media sources, the concessionaires requesting a change of ownership should not be in arrears on premium payments to the government-owned National Highways Authority of India (NHAI).

The Inter-Ministerial Committee (IMC) discussed a modification in ownership terms in the MCA of the BOT (Toll) project at its meeting on April 1, 2022.

IMC agreed to the suggestion allowing for a change of ownership from two to one year following COD.

Following that, the plan was accepted by road transport and roads minister Nitin Gadkari.

Image Source

Also read: NHAI to develop an expressway connecting Kurnool to Solapur

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..