TrafficInfraTech Magazine Linking People Places & Progress
Allowing developers to fully exit by way of a ‘harmonious substitution’ mechanism In BOT road projects under the PPP model bid out before 2009-10, the private party/consortium which develops the project is required to hold a minimum level of ownership in the project throughout the concession period, usually 26% of the shareholding of the SPV developing and operating the project. ...
NHAI’s Exit Policy for Road Projects
