BOT concession period rejig after periodic traffic density review
NEW DELHI: The government will periodically review traffic density on roads and tweak concession periods accordingly for build-operate-transfer (BOT) projects, a move that will reduce operational risks for developers.
In such projects, private sector developers build roads using their funds, operate and then transfer them to the government after a specified period. The government is reworking guidelines for BOT projects to make them more investor friendly as it looks to revive private investment in the sector.
