Cabinet relaxes exit norms for Private Infra Players

The Union Government has given its nod to full equity divestment after two years of completion of construction of all Build-Operate-Transfer (BOT) projects. The divestment will now be allowed irrespective of the year the project was awarded.This approval will allow concessionaires or promoters to use the proceeds from the sale of divested equity in any other highway or power sector projects. The proceeds can also be utilised in incomplete National Highways Authority of India (NHAI) projects. They can also retire their debt to financial institutions in any other infrastructure projects.