RECENT POLICY INITIATIVES
MORTH empowered through Cabinet decision to decide on mode of delivery of projects ó PPP/EPC. A. Increased threshold for project approval: MORTH authorized to appraise projects up to Rs 1,000 crore -- both for PPP and EPC mode in place of earlier Rs 5,00 crore. B. Enhanced inter-ministerial coordination: An infrastructure group has been created under Minister RTH for addressing inter-ministerial issues. Most of the issues pertaining to MOEF; Railways and Defence sorted out. C. Amendments to the model concession Agreement (MCA): A committee under the chairmanship of the Cabinet Secretary has been authorised to effect such changes. Changes are on the anvil. D. Exit Policy: The Cabinet has recently allowed private developers to take out their entire equity and exit all operational BOT projects two years from the Commercial Operation Date. E. Revival of languishing projects:
The Cabinet has recently allowed one time fund infusion by NHAI for revival of BOT projects which are languishing in the construction stage, subject to adequate due diligence of such projects on case to case basis through an institutional mechanism.