The main changes proposed in the MCA concern the capping of the commitments of one of the parties for the duration of the stay of the agreement, the strengthening of the conditions precedent before the declaration of the date of appointment and the modification of the dispute settlement mechanism. The proposed amendments also aim to take into account the recent policy initiatives of the MoRT&H, such as the dissolution of the Stuck National Highway (NH) projects, the introduction of a concept of mutual compartmentalization of the agreement, the harmonious substitution of the concessionaire, etc. In addition, these changes include changes to recent updates to modeling agreements in other implementation modes such as annuity hybrid mode (HAM) and engineering, procurement and construction (EPC). New Delhi, 8 years old. January 2020 – The National Highway Authority of India (NHAI) has registered proposals/comments from road developers, lenders, consultants, bankers, inter-branch organisations and other holders on the revised model concession agreement (MCA) project for build-operate transfer (BOT) projects. The MCA project was set up on the NHAI website, under nhai.gov.in/writereaddata/Portal/NHAI/WhatsNew/164_MCABOT.pdf Ministry of Road Transport and Highways, the hybrid annuity model for the implementation of motorway projects, in order to foster private sector participation through appropriate incentives. The objective is to maximize the quantum of highway projects implemented within the limits of the government`s available financial resources. According to this model, 40% of the project costs must be paid by the government as “construction support” for the private developer during the construction period and 60% in repo during the duration of the concession, as well as interest on the outstanding amount to the concessionaire. There is a separate provision for O&M payments made by the government to the concessionaire. The individual does not have to bear the risk of traffic. All payments were indexed to inflation by a multiple price index, which is a weighted average of WPI and CPI (IW) on a 70:30 basis. This reduces the risk of inflation for the developer.
NHAI requests proposals for revision of model concession contract for BOT (Toll) projects The government has approved the proposal to allow NHAI, monetize publicly funded NH projects that are operational and generate toll revenue for at least two years after the COD by the toll operate Transfer (ToT) Model, subject to approval by the competent authority of MoRTH/NHAI on a case-by-case basis. DEATH: MONETIZATION OF PUBLICLY FUNDED NATIONAL HIGHWAY PROJECTS. Please copy this integration script and insert it where you want to integrate the Hybrid Annuity Model for the implementation of motorway projects. Please fill out this form, we will try to respond as quickly as possible. NHAI is in the process of relaunching BOT (Super) mode and the modifications proposed in the Model Agreement (MCA) dealership are in line with this objective.