MoRTH set to unveil revised BOT document to boost private investment

10 Jan 2024 CW Team

The Ministry of Road Transport and Highways (MoRTH) is set to release a revised Build-Operate-Transfer (BOT) project document within the next month, aiming to attract private investments in the highways sector, as stated by a senior official. Speaking at an event organised by Rural Electrification Capital (REC), Anurag Jain, the Secretary of Road Transport and Highways, highlighted that the government's budget for the highways sector has tripled over the past decade.

"We are making the final adjustments to the modified BOT document for highway construction, and it will be concluded within a month," he announced.

BOT projects involve private companies taking on the risks of financing, constructing, and operating highway projects with a concession period ranging from 20 to 30 years.

Jain also revealed that MoRTH has put forth a proposal to allocate Rs 20 trillion for the construction of 50,000 km of high-speed (access-controlled) corridors by 2037. Upon completion, the average travel speed of trucks on the National Highway network is expected to increase from the current 45 kmph to 75-80 kmph, he added.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

29 Jun 2026

Omaxe to Invest Rs 62 Billion in Hospitality Expansion

Omaxe has announced the launch of a dedicated hospitality business vertical with plans to develop 19 hotels across five states over the next four to five years as part of its strategy to strengthen recurring revenues and expand its integrated development ecosystem.The real estate developer proposes to invest approximately Rs 62 billion, subject to regulatory approvals and market conditions, to develop nearly 5 million sq ft of hospitality assets across high-growth urban centres, pilgrimage destinations and transit corridors.The proposed portfolio will be integrated with Omaxe's existing townsh..

Infrastructure Transport

29 Jun 2026

Third Railway Line Between Tatanagar And Adityapur Likely By September

The third railway line between Tatanagar and Adityapur is expected to be commissioned by September as work on the corridor advances, according to railway sources. The project to add a fourth line on the busy route is progressing and has been allocated Rs 50.89 billion (bn) in funding. The allocation underscores the focus on increasing capacity and easing congestion on the corridor. Relevant timetables are being adjusted to integrate the new capacity into regular operations. Construction activity has involved track laying, formation work and signalling upgrades along strategic stretches, with m..

Infrastructure Transport

29 Jun 2026

Indian Railways Approves Rs 2.7 bn Kavach Rollout in Odisha

Indian Railways has approved a Rs 2.7 billion (Rs 2.7 bn) plan to install the Kavach train collision avoidance system on 631 route kilometres in the East Coast Railway zone. The Ministry of Railways said the work will form part of a wider Kavach deployment programme that relies on an LTE based communication backbone rather than a standalone installation. The approval marks the latest stage in the steady expansion of the indigenous safety technology across the national network. The decision aims to enhance safety and reliability on corridors serving Odisha and adjoining areas. The project will ..