What is concession agreement NHAI?

Additionally, NHAI enters into Concession Agreements. In Detail: A concession agreement is a contract that gives a company the right to operate a specific business within a government’s jurisdiction or on another firm’s property, subject to particular terms.

What are the objectives of NHAI?

The NHAI was created through the promulgation of the National Highways Authority of India Act, 1988. Section 16(1) of the Act states that the function of NHAI is to develop, maintain and manage the national highways and any other highways vested in, or entrusted to, it by the Government of India.

What is a concession agreement in project finance?

Concession agreements often involve contracts between the nongovernmental owner of a facility and a concession owner, or concessionaire. The agreement grants the concessionaire exclusive rights to operate their business in the facility for a stated time and under specified conditions.

How do I register for NHAI?

Registration

1. Name * Please fill first name.
2. Email * Please fill email… Please fill correct email…
3. Mobile No. * Please fill mobile number…
4. Password. * Please fill Password… Minimum 8 characters atleast 1 Alphabet, 1 Number and 1 Special Character.
5. Re Type Password * Please fill email… Password Not matched…

What are the functions and concession agreements of NHAI?

Additionally, NHAI enters into Concession Agreements. Authority does agreements for design, construction, operation and maintenance of highways by DBFOT Concessionaires. The Concessionaire builds NH stretches and during operation and maintenance of the said stretch collects and retains the toll (user fee).

What is clause 27 of nhtis concession agreement?

The Concessionaire shall formulate, publish and implement an appropriate scheme and make such modifications to the scheme as may reasonably be suggested by the Authority or by Local Users from time to time (Ref. Clause 27.3 of Concession Agreement). Penalty for overloaded vehicles.

Which is the only exemption available for NHAI?

As per 03.12

When was National Highways Authority of India established?

National Highways Authority of India was set up by an act of the Parliament, NHAI Act, 1988 ‘An Act to provide for the constitution of an Authority for the development, maintenance and management of national highways and for matter connected therewith or incidental thereto’.