PNG Tollways, a special purpose vehicle of L&T Infrastructure Development Project Ltd, Ashoka Buildcon and SBI Macquarie, has served a project termination notice on the Maharashtra government due to operational problem caused by locals and politicians. Further, it is dissatisfied with the compensation offered by the State for the losses incurred by the developer due to non-collection of toll at the Nashik plaza. The failure of the projects raised many concerns about the fate of future road projects based on toll collections. It also expressed its unwillingness take back the termination notice, said sources. The developer has sought the termination of projects with a payment of ₹1,600 crore, and has incurred a loss of ₹100 crore due to non-payment of toll charges by some locals near the Nashik toll plaza. The present case study tries to investigate the causes and factors affecting the resultant closure of the project by the developer.
Mamillapalli, R. S., & Raao, P. (2021). A UNIQUE CASE STUDY ON PPP TERMINATION BY THE CONCESSIONAIRE - PNG TOLLWAY. Journal of Emerging Technologies and Business Management, 10(1), 1. https://jetbm.imtnagpur.ac.in/journal/vol10/iss1/1
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