National Highway builders bat for BOT annuity model to avoid zero-bid scenario

The National Highways Builders Federation said the current BOT (toll) model exposes private developers to an unacceptably high level of risk, citing recent tenders that received no bids. "BOT projects fundamentally depend on a bankable and balanced risk-sharing structure. Without resolving the core concerns around unfair default classifications for traffic drops, dispute resolution and real-cost delay compensations, there is a strong apprehension that upcoming tenders will continue to face zero-bid...