 "Earlier this year, the NHAI came out with the new BOT guidelines to bring private players back to this mode of road construction")
The much-awaited new norms for national highway projects on build-operate-transfer (BOT) model will have sweeteners to entice the private sector back to the mode that almost vanished from the scene for years due to some challenges.
The Union government seems to have addressed those challenges in the final norms that may have some monetary relaxations for the contractors in the absence of estimated traffic, two officials told Business Standard.
The traffic estimation will be done by the ministry of road transport and highways and the National Highways Authority of India (NHAI). “If the traffic falls below the estimates, the concessionaires
