The MoRTH has earmarked 53 road projects valued at Rs 2.1 trillion for awarding under the build-operate-transfer (BOT) model. Among these, bids have been invited for seven highways covering 387 km, with an estimated worth of Rs 270 billion.
The move comes as part of MoRTH’s strategy to attract private investment in the highways sector. The ministry plans to release a modified BOT project document in February 2024 to address challenges faced in the implementation of BOT projects.
Proposed changes include adjustments in the concession period based on actual traffic, a re-evaluation of traffic exceeding design capacity, and compensation for authority-related delays.
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