NHAI extended undue benefit to concessionaires, says CAG report
In its compliance audit report on ‘Rationalisation/Deferment of Premium in BOT Projects in NHAI’, the CAG noted that the National Highways Authority of India (NHAI) extended undue benefit to concessionaires.
National Highways were being developed under different mode of execution including Built Operate & Transfer (BOT) (Toll), Built Operate & Transfer (BOT) (Annuity) and Engineering, Procurement & Construction (EPC) Mode.
“NHAI extended undue benefit to concessionaires by resorting to post-tender amendments. The premium payable by the concessionaire was laid down in a legal contract drawn up after an open bidding process, in which premium offered was the one and only parameter in deciding upon the financial bids (request for proposal).
