MoRTH set to unveil revised BOT document to boost private investment
ROADS & HIGHWAYS

MoRTH set to unveil revised BOT document to boost private investment

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.

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.

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?