- India's Toll Road Operators Favor Arbitration Of COVID-19 Loss Claims
- Kenya's Parliament OKs Highway Tolling Law
- These are just some of the toll industry developments TRN is following.
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India's Toll Road Operators Favor Arbitration Of COVID-19 Loss Claims
The Financial Express reports, “Most of [India’s] 162 build-operate-transfer (toll) concessionaires, including private equity players, have decided to take the arbitration route to recover around Rs 650 crore [approximately US$86 million] as interest and operation and maintenance (O&M) costs from the National Highways Authority of India (NHAI) for the 25-day [COVID-19 epidemic] toll collection suspension period. Sources said the concessionaires are upset with the NHAI for not declaring the toll collection suspension period . . . as a force majeure political event, and thus rescuing itself from compensating the loss to concessionaires on the O&M and interest costs.”Highway and Bridge Safety (Including COVID-19 Impacts) India P3
Kenya's Parliament OKs Highway Tolling Law
The Standard reports, Kenya’s parliament has approved a road tolling law, “effectively paving way for the implementation of Nairobi Expressway and Limuru–Mau Summit Road,” two major P3 projects. Supporters say the measure will boost private investment in infrastructure and provide a solution to the country’s traffic congestion problem.Kenya P3
These are just some of the toll industry developments TRN is following.
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