Model Concession Agreements: Paving the Path to Increased Public-Private Partnership
The article discusses recent amendments issued by the Ministry of Road, Transport and Highways, Government of India to the model concession agreements for build-operate-toll (BOT) and toll-operate-transfer (TOT) road projects, which are expected to ease certain practical challenges under the BOT and TOT models and increase public-private partnerships in the roads sector in India.
Pratichi Mishra is a partner at S&R Associates. Her areas of practice include capital markets, mergers and acquisitions, foreign investments, regulatory, advisory and general corporate matters. She advises issuer companies, business trusts and investment banks on a range of capital markets matters, including initial public offerings, private placements, institutional placements, rights issues, preferential allotments, debt offerings, bulk/block trades, takeovers and regulatory matters.
Pratichi is a member of the Hybrid Securities Advisory Committee, a standing committee set up by the Securities and Exchange Board of India (SEBI) to advise SEBI on issues related to the development and regulation of primary and secondary markets of REITs, InvITs and other hybrid securities in India. She is also a member of the Expert Committee on REITs and InvITs in GIFT International Financial Services Centre.
Oshika Nayak is an associate at S&R Associates. Her areas of practice include mergers and acquisitions, capital markets, foreign investments, regulatory, advisory and general corporate matters. Oshika advises companies and business trusts on a range of matters, including preferential allotments, private placements, rights issues, takeovers and regulatory matters.