Consider the following statements regarding Toll Operate Transfer (TOT)Model: The Operation and maintenance (Oandamp;M) obligations of projects under the TOT Model lie with the Government. The proceeds received by the Government under the TOT Model shall be utilized for future development of highways.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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Consider the following statements regarding Toll Operate Transfer (TOT) Model:

The Operation and maintenance (O&M) obligations of projects under the TOT Model lie with the Government.
The proceeds received by the Government under the TOT Model shall be utilized for future development of highways.

Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'B'. Can you explain this answer?

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Daily Current Affairs MCQ- October 30, 2023

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Consider the following statements regarding Toll Operate Transfer (TOT...

The National Highways Authority of India (NHAI) recently awarded two highway monetisation projects worth Rs 6,584 in the toll, operate, and transfer (TOT) mode.

About Toll Operate Transfer (TOT) Model:

In 2016, the Cabinet Committee on Economic Affairs (CCEA) authorised the National Highway Authority of India (NHAI) to monetise public-funded national highway projects and approved the ToT model.
In TOT Model, public-funded projects, operational for two years, are put up for bidding, wherein the right of collection and appropriation of fees is assigned for a predetermined concession period (30 years) to concessionaires (developers or investors) against the upfront payment of a lump sum amount to NHAI.
Such assignment of rights shall be based on the toll revenue potential of the identified NH projects.
Operation and maintenance (O&M) obligations of such projects shall be with the concessionaire till the completion of the concession period.
The concessionaires for such projects shall be appointed through a transparent and uniform procurement process within the ambit of a pre-defined and approved implementation framework.
It will help in the utilisation of the corpus (generated from proceeds of such project monetisation) by the Government to meet fund requirements for future development and O&M of highways in the country, including in unviable geographies.
The TOT model has been developed to encourage private participation in the Highway sector.

Hence only statement 2 is correct.

Answered by Notes Wala · View profile

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Community Answer

Consider the following statements regarding Toll Operate Transfer (TOT...

&M) responsibility is transferred to the private sector entity for a fixed period of time.
The private sector entity collects tolls from the users of the infrastructure during the contract period.
The private sector entity is responsible for the construction and development of the infrastructure.
The ownership of the infrastructure remains with the public sector entity.
The private sector entity bears the construction and operational risks associated with the project.

Which of the above statements are true regarding Toll Operate Transfer (TOT) Model?

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Consider the following statements regarding Toll Operate Transfer (TOT)Model: The Operation and maintenance (O&M) obligations of projects under the TOT Model lie with the Government. The proceeds received by the Government under the TOT Model shall be utilized for future development of highways.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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