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    <title>Approval for Permitting 100 percent equity divestment after two years of construction completion for all BOT projects</title>
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    <description>Approval permits concessionaires in BOT highway projects to divest 100 percent equity two years after construction completion, harmonising pre 2009 and post 2009 concessions to unlock equity for reinvestment. NHAI is authorised to provide loans from its corpus to advanced stage stalled PPP projects lacking equity or lender disbursement, to be repaid with interest as the first charge on toll receipts after completion and subject to an eligibility and funding need mechanism.</description>
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    <pubDate>Wed, 13 May 2015 12:59:19 +0530</pubDate>
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      <description>Approval permits concessionaires in BOT highway projects to divest 100 percent equity two years after construction completion, harmonising pre 2009 and post 2009 concessions to unlock equity for reinvestment. NHAI is authorised to provide loans from its corpus to advanced stage stalled PPP projects lacking equity or lender disbursement, to be repaid with interest as the first charge on toll receipts after completion and subject to an eligibility and funding need mechanism.</description>
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