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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 (CCEA), chaired by the Prime Minister Shri Narendra Modi, has approved two major policy initiatives aimed at improving the availability of equity in the market on the one hand, while on the other has authorized the National Highways Authority of Indi .....

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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 which permit divestment of equity upto 100 percent, two years after completion of construction. There are 80 such Build, Operate and Transfer (BOT) projects awarded prior to 2009 that have been completed and the locked in equity in these projects works .....

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