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Highway monetisation: Fresh terms for highway TOT contracts soon

The model, alongside Invits, has allowed several Indian and international investment funds to enter the infrastructure space by generating returns on operational roads Dhruvaksh Saha Delhi Listen to This Article The monetisation of road assets through toll rights — which was put on hold over two months ago — would start soon as the Centre has nearly concluded deliberations on whether to continue with the toll-operate-transfer (TOT) mode in its current form. Under TOT, operational national highways by the National Highways Authority of India (NHAI) are awarded to private players, who collect toll, operate and maintain the roads, and benefit from the surplus toll revenues. The model, alongside Invits, has allowed several Indian and international investment funds to enter the infrastructure space by generating returns on operational roads. In February,