India lets pension and sovereign wealth funds bid directly for greenfield toll roads

BOT rules loosen so big funds can move first

India has eased eligibility rules for build-operate-transfer highway projects, allowing pension and sovereign wealth funds to bid directly for new greenfield toll roads. The government’s goal is to attract more private infrastructure capital by letting institutional investors deploy their balance-sheet strength, while partnering with construction expertise. Officials also want BOT’s share in highway awards to rise significantly.