MoRTH conference propels revival of BOT projects
ROADS & HIGHWAYS

MoRTH conference propels revival of BOT projects

In a bid to promote Public-Private Partnerships (PPP) for Build-Operate-Transfer (BOT) projects and streamline business operations, the Ministry of Road Transport and Highways (MoRTH) orchestrated a conference in New Delhi. This gathering included key industry players such as Concessionaires/Contractors, Highway Operators, Investment Trusts, and representatives from Bankers/Financial Institutions, as well as Technical and Financial Consultants from the road sector. The inaugural session was graced by Nitin Gadkari, the Union Minister for Road Transport and Highways, alongside dignitaries like Anurag Jain, Secretary, MoRTH, Santosh Kumar Yadav, Chairman NHAI, and senior officials from various departments and authorities related to road infrastructure.

During the conference, Nitin Gadkari expressed the commitment to revitalise the BOT model, aiming to make it more investment-friendly and enticing for private partnerships. He emphasised that this revitalisation would not only fortify road infrastructure but also have a positive impact on the economy by creating employment opportunities and reducing logistical costs.

The conference featured presentations by senior officials of the National Highways Authority of India (NHAI) regarding proposed modifications to the Model Concession Agreement (MCA) of BOT (Toll). These modifications aimed to address concerns raised by stakeholders and eliminate discrepancies in various aspects, including termination payments, Concession Period adjustments based on actual traffic, reconsideration of actual traffic exceeding design capacity, and defining termination payments related to delays and force majeure causes. A new provision for Buy Back in case of Additional Tollway/Competing Road was also introduced.

Currently, due to implementation challenges in BOT Projects, projects are predominantly awarded on Engineering Procurement Construction (EPC) or Hybrid Annuity Mode (HAM). To revive BOT projects, several initiatives such as Harmonious Substitution, One Time Fund Infusion, Rationalised Compensation, Premium Deferment, and allowing refinancing have been implemented. Looking ahead, 53 BOT (Toll) Projects covering a length of 5200 km and valued at Rs. 2.1 trillion have been identified, with bids for 7 projects covering a length of 387 km and worth Rs 270 billion already invited.

Aligning with the Government of India?s 'Vision 2047' Plan, numerous high-speed corridors are envisioned for development. The robust Public-Private Partnership in the road sector is considered pivotal to realising this vision, contributing significantly to the development, operation, and maintenance of a world-class National Highway Network in the country.

In a bid to promote Public-Private Partnerships (PPP) for Build-Operate-Transfer (BOT) projects and streamline business operations, the Ministry of Road Transport and Highways (MoRTH) orchestrated a conference in New Delhi. This gathering included key industry players such as Concessionaires/Contractors, Highway Operators, Investment Trusts, and representatives from Bankers/Financial Institutions, as well as Technical and Financial Consultants from the road sector. The inaugural session was graced by Nitin Gadkari, the Union Minister for Road Transport and Highways, alongside dignitaries like Anurag Jain, Secretary, MoRTH, Santosh Kumar Yadav, Chairman NHAI, and senior officials from various departments and authorities related to road infrastructure. During the conference, Nitin Gadkari expressed the commitment to revitalise the BOT model, aiming to make it more investment-friendly and enticing for private partnerships. He emphasised that this revitalisation would not only fortify road infrastructure but also have a positive impact on the economy by creating employment opportunities and reducing logistical costs. The conference featured presentations by senior officials of the National Highways Authority of India (NHAI) regarding proposed modifications to the Model Concession Agreement (MCA) of BOT (Toll). These modifications aimed to address concerns raised by stakeholders and eliminate discrepancies in various aspects, including termination payments, Concession Period adjustments based on actual traffic, reconsideration of actual traffic exceeding design capacity, and defining termination payments related to delays and force majeure causes. A new provision for Buy Back in case of Additional Tollway/Competing Road was also introduced. Currently, due to implementation challenges in BOT Projects, projects are predominantly awarded on Engineering Procurement Construction (EPC) or Hybrid Annuity Mode (HAM). To revive BOT projects, several initiatives such as Harmonious Substitution, One Time Fund Infusion, Rationalised Compensation, Premium Deferment, and allowing refinancing have been implemented. Looking ahead, 53 BOT (Toll) Projects covering a length of 5200 km and valued at Rs. 2.1 trillion have been identified, with bids for 7 projects covering a length of 387 km and worth Rs 270 billion already invited. Aligning with the Government of India?s 'Vision 2047' Plan, numerous high-speed corridors are envisioned for development. The robust Public-Private Partnership in the road sector is considered pivotal to realising this vision, contributing significantly to the development, operation, and maintenance of a world-class National Highway Network in the country.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?