The Union government is likely to go with a model that requires anchor investors in road monetisation projects to hold 25 per cent equity and be on the management board of the special purpose vehicle (SPV) floated to run the project.
The Union Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) have finalised the proposal after some investors approached them to allow them a board seat on the SPV concerned.
“They wanted a board seat, we have no problem with that if they bring in 25 per cent equity along,” a senior road ministry official told