The Government has approved monetization of public funded, operational National Highway (NH) projects that are generating toll revenue for at least two years after start of operations through the Toll Operate Transfer (ToT) Model. Projects under ToT model shall be awarded through International Competitive bidding in which foreign funds can also participate, subject to the bidder satisfying the eligibility criteria required in the bid. As of now, 75 operational NH projects have been identified for monetization under the ToT Model. The aggregate length of these projects is around 4,500 km and their annual toll collection is around Rs 2,700 crores. The proceeds from such monetization will go to the Consolidated Fund of India, and are to be ring-fenced for utilization by National Highways Authority of India.
This information was given by the Minister of State for Road Transport and Highways Shri Munsukh L. Mandaviya in a written reply to a question in Rajya Sabha today.
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