New Delhi, Dec 15: The Ministry of Road Transport and Highways is considering monetisation of completed public funded national highway (NH) projects through Toll-Operate-Transfer (TOT) mode based on the expected collection of user fee receivables.
NH Projects to be bid out under this mode will be finalised once the model is approved by the Government. However, no specific timeline could be ascertained at this stage.
Various steps have been taken by the Government/ NHAI to remove the hurdles affecting the construction of NH projects including streamlining of land acquisition and regulatory clearances, close coordination with other ministries, revamped Disputes Resolution Mechanism etc. NHAI has also decided not to award projects till all major pre-construction approvals are in-place for the project in order to avoid post bid delays and litigations.
This information was given by Minister of State for Road Transport & Highways P Radhakrishnan in a written reply in the Rajya Sabha on Monday.
