Global financial conglomerate Macquarie group’s infrastructure funding arm today made an upfront payment of Rs 9,681.50 crore to the government to operate nine stretches of NHAI under a new toll collection policy.
The National Highways Authority of India (NHAI) has floated India’s first toll operate transfer (TOT) model to monetise NHs by awarding toll collection operations to a private party on a long term basis.
NHAI has identified 75 NH stretches across the country for awarding contracts to a third party under the TOT model.
It will manage and collect toll from nine stretches of NHAI — 5 in Andhra Pradesh and 4 in Gujarat — for a period of 30 years against the upfront payment of about Rs 9,682 crore to the government. Read More
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