NHAI encouraging private investors and lenders for BOT projects
ROADS & HIGHWAYS

NHAI encouraging private investors and lenders for BOT projects

NHAI has taken several steps to rekindle the interest of private investors and lenders in build-operate-transfer (BOT) projects, shared Union Minister for Road Transport and Highways Nitin Gadkari, according to a PIB release.These steps include:...

NHAI has taken several steps to rekindle the interest of private investors and lenders in build-operate-transfer (BOT) projects, shared Union Minister for Road Transport and Highways Nitin Gadkari, according to a PIB release.These steps include:Policy of one-time fund infusion to complete projectsPolicy of deferment of premium for financially stressed projects not able to meet subsistence revenue requirementsPolicy of harmonious substitution for substitution of special purpose vehicle (SPV) in consultation with lenders and concessionaire subject to certain conditions.Apart from the above, the hybrid annuity model (HAM) has been introduced, where part of the construction cost is funded by the NHAI and, post construction, the return of the investor is assured through annuities paid by the authority.Further, NHAI is also trying to revive private investments in highway projects by amending the Model Concession Agreement for the BOT model.

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Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

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Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

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Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

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