Road ministry takes steps to boost developers’ liquidity

With the third Covid-19 wave looming large, the ministry of road transport and highways (MoRTH) has extended relief measures to contractors and developers of national highways to improve their liquidity.

According to a MoRTH notification issued on Tuesday, hybrid annuity model (HAM) and engineering procurement & construction (EPC) contractors will continue to get monthly payments for their work done for three more months till March.

“ln case of build-operate-transfer (BOT)/ toll-operate-transfer (TOT) concessionaire, for reduction in collection of user fee, the concession period is to be extended as per provisions in the concession agreement,” the notification said.