Annuity Cum Toll Projects

In an annuity plus toll project, a fixed amount is paid semi-annually as annuity by the respective Concessioning Authority pursuant to the applicable concession agreement. Along with fixed bi-annually payments in the form of annuity, concessionaire are allowed to collect tolls from vehicles that use their project carriageways during the concession period at rates notified by the relevant Concessioning Authority, as updated from time to time.