Synopsis
The Ministry of Roads Transport and Highways (MoRTH) has earmarked 53 projects, encompassing a total length of 5,214 km and a projected cost of Rs. 2.10 lakh crore, for development under the Build-Operate-Transfer (BOT) – Toll model. MoRTH has revised the model concession agreement (MCA) to address various challenges encountered during the execution, operational, and termination phases of BOT Toll projects, thereby safeguarding the interests of all stakeholders. Furthermore, modifications have been made to the Toll-Operate-Transfer (TOT) model to enhance stakeholders’ confidence. Through this article CareEdge Ratings analyses the implications of these changes to the MCA for the highways sector.