Government  welcomes foreign funds for toll booth operations
 Source : News Bharati English  Date : 21-Nov-2016

New Delhi, Nov 21: In an attempt to boost the infra sector government  has  decided to introduce  foreign funds for operating toll booths on national highways.

Speaking  in the Rajya  sabha  Minister of State for Road Transport and Highways Munsukh  Mandaviya, “Projects under ToT model shall be awarded through international competitive bidding in which foreign funds can also participate, subject to the bidder satisfying the eligibility criteria required,”.

He further added that, those NH projects that generate toll revenue for at least two years after the start of operations under the “Toll Operate Transfer” (ToT) model will be eligible.

Informing the house about the future plans of ministry Mandaviya said that government has identified 75 operational National Highway projects for monetisation under the ToT model. “The aggregate length of these projects is around 4,500 km and their annual toll collection is around Rs 2,700 crore,” said minister said.

Earlier in august government approved the monetisation of public funded, operational national highway (NH) projects to generate revenues.