<h1>Cabinet Approves Concessionaire Substitution in National Highway Projects to Boost Development and Mitigate Financial Disputes.</h1> The Cabinet Committee on Economic Affairs approved a proposal to facilitate the substitution of Concessionaires in ongoing and completed National Highway Projects. This initiative aims to expedite road infrastructure development and protect the National Highway Authority from financial claims and disputes. The plan allows existing Concessionaires to divest their equity, providing flexibility and addressing the lack of interest in highway projects under the PPP model. The substitution process requires the approval of lenders and involves the transfer of project obligations to a nominated company. This measure seeks to revive the sector by enabling equity infusion and ensuring project completion amidst financial challenges.