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Highway bidding set for major overhaul
Financial Express Chennai
|October 29, 2025
Revised norms ina couple of days
THE GOVERNMENT IS working on a new model for highway development that will further reduce the risk for private developers, and will unveil in a couple of days an overhauled concession model for building roads under the built-operate-transfer (BOT) mode.
The complete restructuring of the model concession agreement (MCA) after 15-16 years has taken nine months during which “each word, clause and sentence” has undergone review, Road Transport and Highways Secretary V Umashankar said on Tuesday.
This story is from the October 29, 2025 edition of Financial Express Chennai.
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