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Approval for Permitting 100 percent equity divestment after two years of construction completion for all BOT projects

Dated:- 13-5-2015 - One time fund infusion to revive and physically complete languishing BOT Projects In order to provide a renewed thrust to the highway sector and to bring the private sector back on board, the Cabinet Committee on Economic Affairs .....

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a (NHAI) to intervene in languishing projects suffering from lack of funds. I. EXIT POLICY : The CCEA approved a comprehensive Exit Policy framework that now permits concessionaires/developers to divest 100 percent equity, two years after completion .....

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k equity from completed projects making it potentially available for investment into new projects. This decision will also harmonise conditions uniformly across all concessions signed prior to 2009 with the policy framework for post 2009 contracts wh .....

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out to approximately ₹ 4500 crore. Once this is unlocked and is re-invested in new projects this could support 1500 kms of new highways on PPP mode, thus help in reviving the response to BOT (T) projects. II. FUND INFUSION TO SALVAGE LANGUISHI .....

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eing taken to revive such stalled projects, CCEA today approved a special intervention for the projects that are in the advanced stage of completion but are stuck due to either lack of additional equity or lender s inability to disburse further. NHAI .....

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