Saturday, October 10, 2020
The government is reviving the build-operate-transfer (BOT) model of getting private investment into highway construction after a gap of more than two years. The government is targeting to bid out six projects by April 2022.
The first project to go off the block would be around 70 km, costing over Rs 1,700 crore, in Karnataka. The National Highways Authority of India (NHAI) is expected to invite bids for it later this month.
The Karnataka project would be the first BOT offering after the government brought in the new model concessionaire agreement in order to attract private investment.
The last BOT project – Hapur-Moradabad highway – was awarded in March 2018 to IRB Infrastructure Developers for approximately Rs 3,400 crore, according to sources.
