EXPLAINER: Will the new BoT model bring back private developers?

The National Highways Authority of India (NHAI) has come up with a list of high-traffic density corridors for private developers to build and operate under the BoT model. However, further risk mitigation on the lines of the Hybrid Annuity Model may be required to make it lucrative enough, says Mukesh Jagota.

l The return of BoT in highway construction

After two years of groundwork the government has again made a determined push towards getting greater private sector participation in building highways through the Build Operate Transfer (BoT) model.