Model Concession Agreement Nhai Bot Pdf

Posted: December 13, 2020 in Uncategorized

The Ministry of Road Traffic and Highways has adopted a hybrid annuity model for the implementation of highway projects in order to encourage private sector participation through appropriate incentives. The goal is to maximize the amount of highway projects implemented in the government`s available financial resources. Under this model, 40% of the project costs must be paid by the government as a “construction aid” for the private developer during the construction period, and 60% of the balance in the form of annuity payments during the concession period, as well as interest on the amount owed to the dealer. There is a separate provision for government payments made by the government to the dealership. The private party is not obliged to bear the risk of trafficking. All payments were indexed by a multi-price index, which is a weighted average of WPI and CPI (IW) at 70:30 bases. This reduces the risk of inflation for the developer. In the TOT model, the right to collect and usurp royalties for certain operational projects of national highway (NH) built with public funds is granted to concessional dealers (developers/investors) predetermined with a prepayment of a lump sum to NHAI. This transfer of rights is based on the potential for toll revenue from identified NH projects. The operating and maintenance obligations (O-M) of these projects must be met by the dealer until the concession deadline. Dealers of such projects are designated as part of a pre-defined implementation framework and approved as part of a transparent and consistent procurement process.

New Delhi, 8 January 2020 – The National Highway Authority of India (NHAI) has invited proposals/comments from road developers, lenders, consultants, bankers, industry associations and other stakeholders to the revised Model Concession Agreement (MCA) project for Build-Operate-Transfer (BOT) Toll Projects. The mcA project was nhai.gov.in/writereaddata/Portal/NHAI/WhatsNew/164_MCABOT.pdf on the NHAI website The main changes proposed in the MCA relate to capping the commitments of one of the members of the agreement, strengthening the conditions prior to the declaration of the agreed date and amending the dispute settlement mechanism. The proposed amendments also include recent MoRT-H policy initiatives, such as the implementation of “national highway stucco” (NH) projects, the introduction of a concept of mutual silos of the agreement, the harmonious substitution of the concessionaire, etc. In addition, changes to the latest updates in model agreements in other implementation modes such as Hybrid Annuity Mode (HAM) and Engineering, Procurement and Construction (EPC) are repeated. Please fill out this form, we will try to respond as soon as possible. NHAI is requesting proposals to revise the model concession agreement for the BOT (toll) NHAI projects and is reinvigorating the BOT mode (toll) and the proposed changes in the Model Concession Agreement (MCA) are in line with this objective. These amendments were proposed following consultations with the Ministry of Road Transport and Highways (MoRT-H), the Ministry of Economy, the Ministry of Finance and Niti Aayog.

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