The National Highways Authority of India (NHAI) has proposed sweeping reforms to its privatised highway construction model, Build Operate Transfer (BOT), to attract more interest from private developers. This includes major changes in clauses on termination and change in road traffic density.
The proposed modifications also include various provisions to eliminate discrepancies such as the determination of termination payments, modifications in concession period based on actual traffic versus tolling groups of vehicles and actual traffic exceeding design capacity to be re-visited. It has also proposed compensation for delays on the part of NHAI.
