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What is the main security, if some infrastructure project is taken up on BOT concept?

April 26, 2017bot concept INFRASTRUCTURE main project security

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What is the main security, if some infrastructure project is taken up on BOT concept?

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Ans. Mortgage of project properties is the main security for any type of projects. However, in BOT projects, if mortgage of project properties is not possible/ enforceable/permissible then loan can also be secured by assignment of project contracts, license, permits, insurance policies, approvals, consents, concessions etc., Assignment of contractual rights, security rights, actionable claims, charge on TRA/Escrow and Hypothecation of Moveable Properties.