Govt gets Rs 9,682 cr from Macquarie for managing 9 toll plazas of NHAI from today


Govt gets Rs 9,682 cr from Macquarie for managing 9 toll plazas of NHAI from today

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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