Home Masterbuilder Centre to opt for EPC mode due to poor response to BOT

Centre to opt for EPC mode due to poor response to BOT

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The Ministry of Road Transport and Highways has decided to take up certain road development projects, which are not viable on Build-Operate-Transfer (BOT) mode, on Engineering, Procurement & Construction (EPC) through 100% Government funding. So far, 32 National Highway (NH) stretches have tentatively been identified for taking up on EPC mode, Minister of State for the Ministry of Road Transport and Highways Shri. Sarvey Sathyanarayana said. As against the target for awarding works for a total length of 8,800 km during 2012-13, it has been possible to award projects for a length of 705 km upto October, 2012. Some projects have not received good response from bidders. Apart from general slowdown of economy, viability of some of the projects, sectoral lending caps of the banks, limitations of the concessionaires like availability of equity and other resources to execute the projects appear to be the main factors for poor response, he added.

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