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    BOT revamp on cards: To bring investors in, govt may ease exit clause in highways sector

    In BOT projects, private sector developers build a road using their own funds, operate it and then transfer it to the government after a specified period.

    Synopsis

    The construction period will be de-linked from the concession period, making it easier for companies to sell completed assets. In BOT projects, private sector developers build a road using their own funds, operate it and then transfer it to the government after a specified period.

    New Delhi: India could ease the exit clause in the highways sector for investors who want to sell them off after completion of construction. Looking to draw investors to the sector, the highways ministry is set to introduce a revised build-operate-transfer (BOT) model, making provisions for risk mitigation during the construction and concession periods, as it brings back focus on the mode of highway building after it failed to attract any takers
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    The Economic Times