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The firms involved in the nine projects will be able to postpone payment of Rs 6.513 billion (US$110.7 million) in premiums, the amount offered by a developer to the Government to bag the right to develop, maintain and collect tolls from road users, to NHAI in 2013-14.
The projects total investment is estimated at Rs59.6 billion (US$1.01 billion). The nine PPP road projects are the following:
Developers can defer premium payment only if they do not collect enough toll revenue in a year to pay for it after servicing debt and operations and maintenance costs. While allowing the deferment, the NHAI has made it mandatory for a developer to share toll-collection data with it on a real-time basis.