MoRTH set to unveil revised BOT document to boost private investment
ROADS & HIGHWAYS

MoRTH set to unveil revised BOT document to boost private investment

The Ministry of Road Transport and Highways (MoRTH) is set to release a revised Build-Operate-Transfer (BOT) project document within the next month, aiming to attract private investments in the highways sector, as stated by a senior official. Speaking at an event organised by Rural Electrification Capital (REC), Anurag Jain, the Secretary of Road Transport and Highways, highlighted that the government's budget for the highways sector has tripled over the past decade.

"We are making the final adjustments to the modified BOT document for highway construction, and it will be concluded within a month," he announced.

BOT projects involve private companies taking on the risks of financing, constructing, and operating highway projects with a concession period ranging from 20 to 30 years.

Jain also revealed that MoRTH has put forth a proposal to allocate Rs 20 trillion for the construction of 50,000 km of high-speed (access-controlled) corridors by 2037. Upon completion, the average travel speed of trucks on the National Highway network is expected to increase from the current 45 kmph to 75-80 kmph, he added.

The Ministry of Road Transport and Highways (MoRTH) is set to release a revised Build-Operate-Transfer (BOT) project document within the next month, aiming to attract private investments in the highways sector, as stated by a senior official. Speaking at an event organised by Rural Electrification Capital (REC), Anurag Jain, the Secretary of Road Transport and Highways, highlighted that the government's budget for the highways sector has tripled over the past decade. We are making the final adjustments to the modified BOT document for highway construction, and it will be concluded within a month, he announced. BOT projects involve private companies taking on the risks of financing, constructing, and operating highway projects with a concession period ranging from 20 to 30 years. Jain also revealed that MoRTH has put forth a proposal to allocate Rs 20 trillion for the construction of 50,000 km of high-speed (access-controlled) corridors by 2037. Upon completion, the average travel speed of trucks on the National Highway network is expected to increase from the current 45 kmph to 75-80 kmph, he added.

Next Story
Infrastructure Transport

Odisha to Develop Four New Airstrips in Western Region

The Odisha government has announced plans to develop four new airstrips in western Odisha, increasing the region’s total number of airports to eight. The new airstrips will be located at Jamadarpali (Sambalpur), Satibhata (Bargarh), Gotma (Nuapada), and Tusura (Balangir), as confirmed by Transport Minister Bibhuti Jena in response to a query from Balangir MLA Kalikesh Singh Deo in the state assembly. Currently, western Odisha has four operational airports—Jeypore (Koraput), Veer Surendra Sai Airport (Jharsuguda), a small airport in Rourkela (Sundargarh district), and an airstrip at Utkela..

Next Story
Infrastructure Energy

Western Coalfields Bids for Two Coal Blocks in Commercial Auction

In a strategic move to overcome limited reserves and challenging geo-mining conditions, Western Coalfields Ltd (WCL) has participated in the bidding for two coal blocks under the 11th tranche of the commercial coal blocks auction, marking the first-ever participation of a Coal India subsidiary in such an auction. WCL has placed bids for the Bandhak West and Dahegaon Makardhokra IV non-coking coal blocks, both located in Maharashtra and close to the company’s existing mining operations. Chairman and Managing Director Jai Prakash Dwivedi highlighted that securing these blocks would allow WCL ..

Next Story
Infrastructure Urban

Assam Cabinet Approves Major Investments, Urban Development, and Policy Reforms

The Assam state Cabinet, led by Chief Minister Himanta Biswa Sarma, has approved a series of strategic investments, urban development projects, healthcare reforms, and policy updates in the textile and biotechnology sectors. A key highlight of the meeting was the approval of Memorandums of Understanding (MoUs) set to be signed at the upcoming Advantage Assam Summit. The summit, Assam’s premier global investment forum, aims to position the state as a major economic hub in the Northeast by attracting investments across industries such as manufacturing, logistics, IT, and renewable energy. Hav..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?