Infrastructure majors evince interest in BOT projects in West Bengal after Highways ministry tweaks model
Four major infrastructure companies, including IRB NSE -0.22 % Infra and Adani NSE -0.93 % Road Transport Ltd, have expressed interest in two projects in West Bengal that are proposed to be built on the Build-Operate-Transfer model.
The companies participated in the technical bidding round which opened on Friday, a person familiar with the development told ET.
“Four companies including IRB, Adani, PNC Infratech NSE 0.34 % and GR Infra have participated in bids invited on BOT mode by NHAI,” the person said. T projects, private sector developers build a road using their own funds, operate it and transfer it to the government after a specified period.
The National Highways Authority of India (NHAI) recently announced changes to the model concession agreement for such projects, helping the authority garner a better response from the industry.
