NEW DELHI: Private infrastructureNSE 0.00 % investor ROADIS and the national investment and infrastructure fund (NIIF) have come together to create a platform for investing up to $2 billion in road projects in India, the companies announced on Wednesday.
The platform will target Toll-Operator-Transfer (TOT) model, acquisition of existing road concessions and potential investment opportunities in the country’s roads sector.
The Indian government introduced the TOT model in 2016 for monetisation of publicly-funded highways. Under the model, investors make a one-time lump sum payment in return for long-term toll collection rights backed by a sound tolling system.
