Committed To Reviving BOT Model To Make It Investment Friendly: Nitin Gadkari

The government is committed to reviving the build-operate-transfer (BOT) model and making it investment-friendly and attractive for private partnerships, Nitin Gadkari, Union Minister for Road Transport and Highways has said. 

Gadkari stated that this will not only strengthen the road infrastructure but will have a ripple effect that will help to strengthen the economy, increase the employment potential and reduce the logistic cost.

As per the central government's ‘Vision 2047’ plan, a large number of high-speed corridors are envisaged to be developed. 

To promote public-private partnerships in BOT projects and enhance the ease of doing business, the Ministry of Road Transport and Highways (MoRTH) organised a conference in New Delhi. 

The conference, inaugurated by Gadkari brought together industry stakeholders such as concessionaires/contractors, highway operators, investment trusts, bankers/financial institutions and technical and financial consultants from the road sector. 

Anurag Jain, Secretary, MoRTH, Santosh Kumar Yadav, Chairman NHAI and senior officials from various departments were also present.