The model, alongside InvITs, has allowed several Indian and international investment funds to enter the infrastructure space by generating returns on operational roads.
“The TOT model is more favourable for the concessionaire than it is for the National Highways Authority of India, so we will be adopting the InvIT model more frequently,” the minister said.
Building BOT
Gadkari added that there will be a renewed focus on build-operate-transfer (BOT), where a private party takes the construction risk and recovers its investments through toll-collecting rights for a specified period.
