CCEA approves amendments to 'Toll Operate Transfer' model

New Delhi: The government on Wednesday approved amendments proposed to the Toll Operate Transfer (TOT) model for national highways.

The Cabinet Committee on Economic Affairs (CCEA) has given its approval to the amendments proposed in the TOT model by the National Highways Authority of India (NHAI), Finance Minister Nirmala Sitharaman said.

Public-funded national highway (NH) projects that are operational and have toll revenue generation history of one year after the commercial operations date (COD) will be monetised through the TOT model, Sitharaman said after the CCEA meeting on Wednesday.