New Delhi: The success of the toll-operate-transfer (TOT) model will be very significant for funding the government’s ambitious highway development programme Bharatmala, rating agency ICRA said Thursday.
“The timely monetisation of mature road assets will be a critical determining factor in plugging the shortfall in budgetary allocations and fetch requisite funding to support ambitious execution targets set for the Bharatmala programme, failing which the shortfall will have to be met through additional borrowings, thereby further increasing the debt with the NHAI,” ICRA said. “In this context, the success of the toll-operate-transfer (TOT) will be very significant,” it added.
