NHAI to amend model concession agreement for BOT projects
The National Highways Authority of India will soon amend the model concession agreement for built-operate-transfer (BOT) model to attract investments as it aims to bid out 53 projects worth over Rs 2.2 lakh crore and covering a length of 5200 km.
The proposed modifications include modifications in concession period based on actual traffic (PCU) vs tolling groups of vehicles, re-visiting of actual traffic exceeding design capacity, and compensation for delays on the part of authority.
