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

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

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement