Road construction sector reforms to attract higher participation: Ind-Ra

The Centre’s recent reforms to increase participation of mid-sized engineering, procurement and construction players in the tendering process are likely to intensify competition in roads, bridges, highways and tunnelling projects, ratings agency India Ratings and Research (Ind-Ra) said.

Accordingly, the series of reforms are expected to increase the participation of mid-sized engineering, procurement and construction (EPC) players in the tendering process for construction contracts.

“These relaxations however will also provide the much-needed relief to those construction contractors whose eligibility to bid for new projects has been hampered on account of Covid-led business disruptions,” the agency said in a report.