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.

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