Success of TOT critical for meeting funding requirements for Bharatmala: ICRA
NEW DELHI: The government’s asset monetization programme for the roads sector must take off for plugging the shortfall in budgetary allocation and success of the ambitious Bharatmala programme for highways development, market research firm ICRANSE -1.70 % said.
The success of the third round of Toll-operate-Transfer (TOT) bundle will define the feasibility of the model introduced in 2016 for monetization of publicly-funded highways, the agency said.
Under the TOT model, investors make a one-time lump sum payment in return for long-term toll collection rights.
