Road ministry revises model concession agreement for BOT projects

The Indian road ministry has revised its model concession agreement for Build-Operate-Transfer (BOT) projects. This revised agreement introduces new provisions such as a buyback option, revenue support for concessionaires, and a sharing of traffic risk between the concessionaire and the government. These changes aim to make BOT projects more attractive to investors and improve the overall efficiency of the projects. The revised agreement could lead to increased investment in India's infrastructure sector.

Read the source report: Economic Times